From tomorrow, USD/JPY

This week watch for a bit of yen strength

From tomorrow, the USD/JPY is in a pattern that may indicate a slight decline, please note.

The reason is that the U.S. employment statistics released on October 2 were weak.

Employment figures

Forecast +90,000 → Actual +29,000

Unemployment rate also

4.1% → 4.2%

worsened.

In simple terms,

the market thinks, “America’s economy might be weakening a bit.”

If that is the case, the Fed will find it harder to raise rates further,

the dollar will be sold → the yen will be bought → USD/JPY will fall

and the trend tends to follow.

However, U.S. interest rates are still high, so USD/JPY may not keep falling endlessly.

This week,

whether it breaks below 156.7 yen

or

returns to the 158–159 yen range

is what I want to watch.

I mainly focus on long positions for USD/JPY, so I won’t force buys while it’s falling,

and will enter after confirming it has “started to rise again.”

I think that’s sufficient.

There’s no need to trade every day.

Let’s stay calm this week as well and wait for the conditions to line up.

October 6 also warrants attention for comments from Bank of Japan Governor Ueda.