Bank of Japan officials will be watching today’s NFP report with interest to see the reaction of the US dollar. Another leg higher for the greenback may force the Japanese central bank into the market.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oct 5, 20232023-10-05 11:17:34) is a closely watched monthly event that normally causes a dash of volatility going into the weekend.
If these numbers come in lower-than-expected, or if there are any substantial downward revisions to August’s data, the US dollar is likely to fall, in turn taking USD/JPY lower. Any unexpected strength in the numbers will rekindle thoughts that the Fed will have to increase rates again this year, pushing the dollar, and USD/JPY higher. If this happens and USD/JPY breaks above 150, then the BoJ may need to step in and take action.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese Yen Outlook: USD/JPY in Calm Waters for Now but Bullish Breakout LoomsThis article focuses on USD/JPY’s near-term outlook, incorporating both fundamental and technical analyses. It also scrutinizes pivotal price levels that might function as resistance and support in the coming trading sessions.
Read more »
Rising yields and USD Hamper Risky Stocks, Yen on Intervention WatchRising yields and USD Hamper Risky Stocks, Yen on Intervention Watch
Read more »
Yen gets reprieve as dollar dented by private payrolls reportYen gets reprieve as dollar dented by private payrolls report
Read more »
BOJ data suggests mysterious yen spike wasn't interventionBOJ data suggests mysterious yen spike wasn't intervention
Read more »
Japan's re-defined intervention trigger may slow, but not derail, yen bearsJapan's new interpretation of 'excessive' yen volatility is aimed at keeping investors on guard rather than lowering the threshold for actual intervention, say experts, who expect yen bears to remain resilient until domestic monetary conditions tighten.
Read more »
Watch Japanese Breakfast Showcase 'Kokomo, IN' on 'Colbert'The song comes off the group’s 2021 LP, Jubilee
Read more »