The USD/JPY exchange rate is a significant indicator of the economic relationship between the United States and Japan. The pair is heavily influenced by macroeconomic data, such as employment figures, and monetary policy decisions from both countries. Recent data shows that the USD/JPY rate has been volatile, with a significant jump following the release of better-than-expected US Nonfarm Payrolls data. The current exchange rate stands at 156.87, marking a slight decline from the previous close.