Concerns about U.S.-China trade tensions eased and solid U.S. jobs data supported by the strong U.S. employment report, the dollar-yen briefly rose to the 145 level.
【6/6Market Overview
During Tokyo time, as expectations of US-China trade frictions eased leading to a safe-haven unwind and dollar strength, the Nikkei stock average stayed firm, causing USD/JPY to rise to144.06yen. In European hours, USD/JPY traded with little movement around144yen. In NY time,5month US Employment Situation Report (NFP) showed nonfarm payrolls were up byNFP 139,000 (13.9) versus the forecast13.0ten-thousand increase; average hourly earnings rose0.4%/YoY3.9% and versus the consensus of0.3%/YoY3.7%, indicating stronger-than-expected data, and along with rising US 10-year Treasury yields, USD/JPY briefly reached145.09yen.
【6/9Market View
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