Dollar/yen rose as April JOLTS (U.S. Job Openings and Labor Turnover Survey) came in stronger than expected, briefly returning to the 144 yen level.
【6/3Market Overview
Tokyo time, USD/JPY was pressured lower to142.37yen in the morning, but as the dollar-buying was observed at the fixing, it recovered to the 143 level. Benefiting from a favorable domestic 10-year bond auction, long-term rates in Japan fell and USD/JPY rose to143.27yen. In European session, with lower U.S. 10-year debt yields in after-hours trading and the decline in U.S. stock index futures, USD/JPY fell to142.60yen. Thereafter, demand for buying returned. During New York time, the Nonfarm Payrolls for June (NFP) showed4monthsJOLTS (Job Openings and Labor Turnover Survey) rose to739.1ten-thousand, beating the forecast of710.0ten-thousand, pushing the dollar higher. With the U.S. 10-year yield advancing, USD/JPY moved above144yen and reached144.11yen.
【6/4Market View