- USD/JPY is floating just shy of the 150.00 major level heading into Tuesday's Asia market session.
- The US Dollar is extending a broad-market bid that scooped up markets on Friday, driving the USD/JPY into year-long highs.
- Economic calendar lacks Japan data heading into another NFP week.
The USD/JPY is pushing into its highest prices in eleven months, driving towards the 150.00 major handle as the US Dollar (USD) catches a broad-market ride up the charts on souring investor appetite and risk-off flows piling into the safe haven USD. The Japanese Yen (JPY) has lost almost 3% since September's opening bids near 145.55.
The Bank of Japan (BoJ) continues to chase its hyper-easy monetary policy framework, announcing an unscheduled bond purchasing exercise on Monday attempting to clamp down on spiraling Japanese government bond yields.
BoJ announces unscheduled bond-buying operation to stem surge in yields
Despite the operation, the BoJ's bond buying saw little market absorption, with investors broadly focusing on how much USD they can scoop up, and the JPY continues to tumble towards the USD/JPY's highest bids in a year.
September's US Manufacturing Purchasing Manager Index (PMI) figures on Monday came in better than expected, printing at 49.0 against the forecast uptick into 47.7 from the previous reading of 47.6.
ISM Manufacturing PMI improves to 49.0 vs. 47.7 forecast
With little of note on the economic calendar for Japan, market focus will be squarely on the US data docket heading into another Non-Farm Payrolls (NFP) Friday, with the US NFP for September expected to slip from 187K to 163K.
Next up will be Tuesday's JOLTS job openings for August, forecast to tick upwards slightly from 8.827M to 8.83M
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