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Nov 04 - 04:55 PM

USD/JPY - Back Down Near Bargain Hunter Levels Post Mixed Jobs Data, CPI Next

By Content Admin  —  Nov 04 - 02:35 PM
  • USD/JPY down 0.85% with broader USD drop on mixed jobs data nL1N3201ME

  • Tsy yield curve steeper after the jobless rate rise, household jobs missed

  • But 2-yr Tsy yields only down 2.6bp from Thur's post-Fed and 15-yr peak\

  • USD/JPY's up TL off recent intervention-led lows will be at 146.18 Monday

  • Successful dip buyers will be watching Wed's 145.68 EBS low for a hold

  • Lower rebound highs since Oct. 22 after Oct. 21's 151.94-144.50 dive eyed

  • A close above 149 or below the up TL will signal post-consolidation path

  • Haven dollar also heavy on hopes China to loosen its zero-Covid policies

  • China health authorities press conference on Saturday eyed for any hints

  • Fed since Wed: it's the rates destination, not the journey, that matters

  • The dollar-off, risk-on, quick Fed pause & pivot view faces CPI on Thur

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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