04/07/2024 21:13

Release： 04/07/2024 21:13

Update： 04/07/2024 21:13

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Terasu Magazine

This is a magazine for upskilling in FX trading. Two features: FX Evangelist Endō's USD/JPY analysis, and former mega-bank chief dealer Hayashi's global analysis of the foreign exchange market.

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US employment data expected to beat estimates, dollar-yen rebounds to 151.75.

【4/5Market Overview

In Tokyo time, following a sharp drop in the Nikkei, risk-off yen buying led the way. After Governor Ueda’s remarks the previous day and expectations of additional rate hikes, the USD/JPY fell to around 150.80 yen. After the selling pressure subsided, there was a rapid rebound150.80back to the 151 level. During European hours, with U.S. payrolls data in focus, USD/JPY continued to edge higher.NYtime,3month U.S. payrolls data showsNFP(Non-Farm Payrolls) rising from the previous month by30.3hundreds of thousands, exceeding the forecast20.0ten thousands, with the unemployment rate3.8% versus the forecast3.9%, indicating stronger data, and the dollar/yen rose to151.75yen.