Dollar/Yen dips on weaker ADP data, but recovers on stronger ISM Non-Manufacturing PMI.
【6/5Market overview
In Tokyo time, USD/JPY rose to5・10(Go-To day) on observed domestic demand for dollars,155.79yen. In European time, USD/JPY rose to10as U.S. 10-year yields rose in after-hours trading and dollar buying related to NISA were observed,156.18yen.In New York time,5monthADP employment report showed nonfarm payrolls rising by15.2thousand, below the forecast of17.5thousand, pushing USD/JPY lower to155.71yen briefly. Later,5month U.S.ISMNon-Manufacturing PMI53.8against expected50.8to the upside, leading to a rebound, with USD/JPY rising to156.48yen.
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