US August ADP employment data came in below expectations, pulling USD/JPY down to the 142 range.
【9/5Market Overview
Tokyo time, USD/JPY briefly fell to143.19yen, but ahead of the GO-TO day (5th10th), toward the midpoint of the Tokyo session, expectations for dollar-buying and a narrowing decline in the Nikkei average supported a rise to143.90yen. However, as the Nikkei fell back, USD/JPY struggled to advance, slipping to143.20yen. In European trading, USD/JPY declined to143.04yen, but was subsequently bought back to around143.70yen. In New York time,NYtime,8th month USADP143.00yen and down to142.84yen. Subsequently,8th month US PMIPMIand8th month USISMemployment data came in below expectations, pushing USD/JPY belownon-manufacturing index beat expectations, lifting USD/JPY to144.21yen. Afterward, amid a decline in the U.S. 10-year Treasury yield, USD/JPY pulled back to around144.21yen? Wait, corrected:143.20yen. It edged lower toward around