Dollar/yen falls on weaker-than-expected ADP, but remains firm in the 156 yen area.
【1/7Market Overview
Tokyo time, the USD/JPY rose to as high as156.80yen on demand in Japan, but under the weak performance of the Nikkei, it fell to156.29yen. In European time, USD/JPY found support and was bought back to the mid156yen range.NYtime,12monthADPemployment data showed that non-farm payrolls excluding government sectors rose by41,000versus a forecast of50,000increase, leading to broad-based dollar selling and USD/JPY falling to156.36yen. Subsequently,12monthNon-Manufacturing PMI came in at54.4surpassing expectations of52.2, pushing USD/JPY higher to156.79yen.
【1/8Market View
× ![]()