U.S. employment statistics and reports on U.S. tariffs on imports among other factors caused the dollar-yen to swing wildly.
【2/7Market overview
During Tokyo time, USD/JPY started with an early sell-off150.95to around 150.95 yen. Thereafter, a pullback buying emerged151.80and it rose to around 151.80. During European time, USD/JPY151stayed firm in the upper 151 yen area.NYtime,1on the U.S. January jobs report,NFP151.32fell to around 151.32 yen.NFP revisions to prior figures were upward and the unemployment rate improved, enabling USD/JPY to rise to152.43yen. After that, as U.S. stocks and Nikkei futures declined, risk-off yen buying led USD/JPY lower to150.92yen. Then, amid reports and comments regarding U.S. reciprocal tariffs and concerns about a resurgence of U.S. inflation, dollar buying resumed, pushing USD/JPY to151.86yen.
【2/10Market view
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