The June US ADP employment statistics forecast significantly weaker than expected, causing the USD/JPY to fall from the low-140s to the mid-143s.
【7/2Market Overview
During Tokyo time, the USD/JPY fell to143.32yen due to declines in the Nikkei average, but as the Nikkei average pared losses and U.S.10year Treasury yields rose in after-hours trading,143.86yen rose. In European time, USD/JPY rose to144.24year Treasuries yields, etc.10yen due to the rise in after-hours U.S.NYtime,6month U.S.ADPemployment data showed non-farm payrolls, excluding government sector, were down3.3ten-thousand jobs from the previous month, versus expected9.5ten-thousand increase, missing by a wide margin, and the USD/JPY briefly fell to143.48yen. Subsequently, USD/JPY retraced to144.15yen, but near the close was pushed back to around the143yen level.
【7/3Market View
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