The U.S. employment statistics are expected to be good, but the USD/JPY pair remains range-bound in the 159 yen area.
【4/3Market Overview
During Tokyo time, USD/JPY rose toward the high 159s due to expectations of dollar buying by domestic demand and the firm rise in crude oil,159.71yen. However, upside was limited. With Easter holidays starting in Europe, USD/JPY moved without a clear direction around the ¥159 level.159In European trading, USD/JPY remained around the mid-159s.159yen level to a stalemate.NYtime, in the US employment report,3monthNFP(Non-Farm Payrolls) for the prior month exceeded expectations+6.5ten-thousand people,+17.8ten-thousand people, unemployment rate expected4.4% to miss4.3%, pushing USD/JPY briefly to159.73yen, but2monthNFPwas revised down from the preliminary-9.2ten-thousand people to-13.3ten-thousand people, causing USD/JPY to stall at159.47yen.
【4/6Market View