Yen Headed for Strongest Week in a Month, Dollar Flat Ahead of Payroll Data
Traders lifted the yen 2.5% this week as they reassessed the Bank of Japan’s rate path, while U.S. payroll data kept the dollar steady.
- On Friday, the Japanese yen surged to 155.7 per dollar, posting its strongest weekly gain in over a month as traders ramped up bets that the Bank of Japan could signal policy normalization at its September 17 to 18 meeting.
- Federal Reserve Governor Christopher Waller signaled on Thursday a preference for steady rates if inflation data moderates, prompting traders to pare September hike bets and dragging the dollar index to 99.01.
- Market probabilities for a September interest rate hike retreated to 50 per cent from about 63 per cent one day ago, as investors braced for crucial U.S. nonfarm payrolls data due later today.
- Geopolitical tensions in the Gulf kept Brent crude futures elevated above $95.52 a barrel following U.S. strikes on Iran this week, weighing on broader market sentiment despite Asian share gains.
- Market attention now shifts toward CPI inflation data next week ahead of the FOMC meeting on September 15 to 16, as analysts assess whether Japan's potential move toward policy normalization into 2027 signals a broader shift in global rates.
16 Articles
16 Articles
aletihad.ae
برس بيThe Japanese yen held onto its gains against the dollar on Tuesday, on track for its best weekly performance in over a month, as traders increased bets on a Bank of Japan interest rate hike and currency markets awaited U.S. jobs data. The yen rose to 155.25 against the dollar in morning trading, near its high of 155.20 reached last month following the intervention in July. It later eased to settle at 155.71. The yen is now heading for a 2.5% g…
Yen headed for strongest week in a month, dollar flat ahead of payroll data - Regional Media News
By Jiaxing Li and Ankur Banerjee HONG KONG, Sept 4 (Reuters) - The Japanese yen clung to its gains against the U.S. dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a [...]
Channel News Asia
Yen headed for strongest week in a month, dollar flat ahead of payroll data
HONG KONG, Sept 4 : The Japanese yen clung to its gains against the U.S. dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a Bank of Japan interest rate hike and broader currency markets awaited U.S. payrolls data. The Japanese yen strengthened to as
ekonomim.com
haberglobal.comGeopolitical developments, US economic data, and statements from economic officials are influencing market direction. Federal Reserve Board member Christopher Waller's comments on economic data and inflationary pressures...
Hong Kong: The Japanese yen kept its gains to the dollar today Friday on its way to record its best weekly performance for more than a month, as traders intensified their bets on the central bank of Japan raising the interest rate and generally waiting for currency markets for US job data.
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
