The yen strengthened slightly on Friday but was heading for an over 2.5% weekly loss. Consensus estimates indicate a 148,000 increase in US employment for September. Japan’s Prime Minister Ishiba has dashed hopes for a near-term rate hike. The USD/JPY outlook shows a pause near recent peaks ahead of crucial US monthly employment figures. The...
Bank of Japan policymakers have shifted their tone to a less hawkish one. Most economists expect the central bank to cut borrowing costs before the year ends. The dollar surged Wednesday after the ADP employment figures came in higher than expected. The USD/JPY outlook shows a shift in sentiment regarding Bank of Japan rate hikes...
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