Yen May Be The Biggest Mover After U.S. Jobs Data -- Market Talk

Dow Jones05-03

1106 GMT - The biggest reaction in forex markets to U.S. jobs data at 1230 GMT is likely to be from the Japanese yen, Kit Juckes, chief global FX strategist at Societe Generale Research, says in a note. The data release comes after apparent interventions by the Bank of Japan this week, bringing USD/JPY down to around 153 from 160, but the yen is unlikely to be able to maintain these stronger levels if U.S. data proves to be strong, he says. "The Bank of Japan's interventions this week will surely add up to the biggest in their history, but that won't be enough if either today's U.S. employment report, or next week's U.S. CPI data, come in stronger than expected," he says. USD/JPY falls 0.3% to 153.141. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 03, 2024 07:06 ET (11:06 GMT)

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The data release comes after apparent interventions by the Bank of Japan this week, bringing USD/JPY down to around 153 from 160, but the yen is unlikely to be able to maintain these stronger levels if U.S. data proves to be strong, he says. \"The Bank of Japan's interventions this week will surely add up to the biggest in their history, but that won't be enough if either today's U.S. employment report, or next week's U.S. CPI data, come in stronger than expected,\" he says. USD/JPY falls 0.3% to 153.141. 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The data release comes after apparent interventions by the Bank of Japan this week, bringing USD/JPY down to around 153 from 160, but the yen is unlikely to be able to maintain these stronger levels if U.S. data proves to be strong, he says. \"The Bank of Japan's interventions this week will surely add up to the biggest in their history, but that won't be enough if either today's U.S. employment report, or next week's U.S. CPI data, come in stronger than expected,\" he says. USD/JPY falls 0.3% to 153.141. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"日元可能是美国就业数据后最大的推动者——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USDJPY.FOREX":0.9},"content_text":"1106 GMT - The biggest reaction in forex markets to U.S. jobs data at 1230 GMT is likely to be from the Japanese yen, Kit Juckes, chief global FX strategist at Societe Generale Research, says in a note. The data release comes after apparent interventions by the Bank of Japan this week, bringing USD/JPY down to around 153 from 160, but the yen is unlikely to be able to maintain these stronger levels if U.S. data proves to be strong, he says. \"The Bank of Japan's interventions this week will surely add up to the biggest in their history, but that won't be enough if either today's U.S. employment report, or next week's U.S. CPI data, come in stronger than expected,\" he says. USD/JPY falls 0.3% to 153.141. 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