U.S. employment data expected to beat forecasts, USD/JPY briefly at 149.00 yen.

【10/4Market Overview

Tokyo time, USD/JPY initially saw position adjustments ahead of the September U.S. employment data release, with expectations of dollar selling by domestic real demand players,145.91yen to retreat. In European trading, the dollar/yen saw a rebound and rose toward around146.30yen.In New York time,9month U.S. employment data showedNFP (non-farm payroll) rising 2.54 million (forecast14.0 million) and the unemployment rate at4.1% (forecast4.2%), a strong result, leading to expectations that the pace of Federal Reserve rate cuts could be slower than anticipated, and with the rise in U.S. 10-year yields, USD/JPY climbed to149.00yen.