Focus on U.S. Employment Data and Subsequent Response by Japanese Financial Authorities
Today, Tokyo’s market is closed for Constitution Day. In Asian markets, following yesterday’s trend, the yen is strengthening. The USD/JPY pair has extended its decline into the 152 yen range, and other yen crosses are also falling. Yesterday’s data from the Bank of Japan suggested that a covert intervention of approximately 3.5 trillion yen was […]
Attention on US Employment Statistics, Potential Shift in Dollar Weakness Trend This Week
Today, the March US employment statistics will be released. Alongside the US Consumer Price Index, it’s one of the most crucial fundamental indicators for the dollar market. The consensus market expectation for the highly anticipated non-farm payroll employment figure is a slight decrease from February’s 275,000 increase to 214,000. The unemployment rate is expected to […]
Attention on US Employment Statistics, Confirming the Trend of Dollar Weakness
This week, amidst reports concerning the Bank of Japan, the yen’s strength has been notable. However, overshadowed by this, the dollar market has also seen a predominance of dollar selling. Whether the US employment statistics released today will solidify the trend of dollar weakness for the coming week or return the market to a state […]
Will the US Dollar Market React to the US Employment Statistics?
Today, all eyes are on the release of the US employment statistics for January. Another key topic this week has been the US Federal Reserve (FOMC). Initially, the market reacted with a USD buying bias following Chairman Powell’s statement during the press conference that he did not consider a high probability of a rate cut […]
The New Year’s market has kicked off with a rebound in the dollar, particularly noticeable in the USD/JPY pair. From the late 140s earlier this week, it has surged to the mid-145s. It has been steadily climbing by over 1 yen per day.
On the side of the stronger dollar, rising US bond yields have been providing support. The FOMC meeting minutes indicated a view that high-interest rates could persist for a longer period. Despite expectations of rate cuts by the end of the year, the impact was not as significant as the dovish shock during the FOMC […]
US NFP rose by 2.5 million in May, Unemployment Rate fell to 13.3%
Nonfarm Payrolls (NFP) in the US increased by 2,509,000 in May, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed April’s record decline of 20,687,000 and came in much better than the market expectation for a fall of 8,000,000. risk on. From the flow after the ECB yesterday, […]