USDJPY

October 06

Dollar yen, US Employment Statistics Dynamic Weakness.

Market conditions

Yesterday’s dollar yen starts at 112.73 yen, Tokyo time will rise temporarily to 112.91 yen, but it is around 112.70 yen ahead of US weekly employment statistics.

Dollar yen fell to 112.40 yen due to the London time, the fall in the pound yen and the decline in US long-term interest rates.

When the NY time, August trade balance of the United States and new orders for manufacturing in August became strong numbers, the dollar yen was repurchased, raised to 112.87 yen with hawkish remarks of high-ranking Fed officials, closed at 112.82 yen.

Continuing, the US economic indicators are solid. However, due to the North Korean risk on October 10 next week, the position adjustment is continuing. In today’s US employment statistics, the decline in the number of employees has been incorporated due to the impact of hurricanes. The average hourly wage which has recently been drawing attention is likely to be a point. If the market price declines temporarily, there is a high possibility that buy orders will concentrate.