As U.S. unemployment rises, the USD/JPY briefly fell to around 154.39 yen.
【12/16Market Overview
In Tokyo time, the USD/JPY continued the downtrend from the previous day,154.74yen on the downside. Afterward155.10yen was bought back, but due to the broader decline in the Nikkei, it fell to154.68yen. In European time, ahead of the U.S. jobs data release, it stayed in the upper 154 yen range with little movement.NYTime, regarding the U.S. jobs data,NFPincreased by6.4hundredths of a million (64,000) vs. the expected5.0hundredths of a million (50,000) increase, while the unemployment rate4.6% exceeded the expected4.5%. Also,12month U.S. manufacturing & services PMIPMIflash fell short of expectations, sending the dollar/yen briefly to154.39yen, but then, as dollar-buying flowed into the London fix, it rose to154.99yen, though further upside was capped.
【12/17Market View