07/03/2025 21:50

Release： 07/03/2025 21:50

Update： 07/03/2025 21:50

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In June, the U.S. payrolls data beat expectations, and the dollar/yen rose to the mid-140s briefly.

【7/3Market Overview

Tokyo time, USD/JPY moved lower in the morning to143.44yen, but buying of dollars by domestic demand and remarks by stricter hawk Takata, a Bank of Japan Policy Board member, who said “it is not appropriate to speak of any rate hike within the year with preconceived notions,” supported a rise to143.93yen. In Europe time, USD/JPY hovered in the upper143yen range. In NY time,6month US employment data showed that nonfarm payrolls (NFP) roseNFP versus the previous month by11.0ten thousand, vs. expectations of14.7ten thousand, and the unemployment rate came in at4.3% versus the expected4.1%, signaling strong data. With concerns about a slowdown in the U.S. labor market easing, the dollar strengthened and USD/JPY rose to as high as145.23yen. It then retraced to144.61yen, but6month ISMISM Non-Manufacturing PMI came in higher than forecast50.6versus50.8145.21yen.