The Japanese Yen (JPY) retraces some of its recent gains following the release of the Manufacturing Purchasing Managers Index (PMI) by Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the JPY strengthened after post-meeting comments from Bank of Japan (BoJ) Governor Kazuo Ueda on Thursday, which were seen as increasing the likelihood of a rate hike in December.
The headline au Jibun Bank Japan Manufacturing PMI stood at 49.2 in October, indicating a decline from 49.7 in September. This composite single-figure indicator shows that Japanese manufacturing production continued to decline at the beginning of the fourth quarter of 2024, with both output and new order inflows decreasing at more pronounced rates.
Japan's Chief Cabinet Secretary Yoshimasa Hayashi stated on Friday that he anticipates the Bank of Japan will collaborate closely with the government to implement appropriate monetary policy aimed at achieving its price target in a sustainable and stable manner.
Traders are anticipating the release of the US Nonfarm Payrolls (NFP) report on Friday, with expectations that the US economy added 113,000 jobs in October, while the Unemployment Rate is forecast to remain steady at 4.1%.
Source: FXStreet
The USD/JPY pair rose again to around 155.85 at the start of Wednesday's Asian session, after declining for three consecutive days. The slight strengthening of the US dollar occurred as markets awaite...
The Japanese yen exchange rate fell to around 155.7 per US dollar on Tuesday (December 2nd) after strengthening for three sessions. This weakening occurred because many traders chose to take profits f...
The yen headed for its biggest one-day rally in almost two months on Monday after Bank of Japan Governor Kazuo Ueda gave the clearest hint so far that a December rate hike may be on the table. Meanwh...
The Japanese yen (JPY) continued to strengthen throughout the Asian session on Monday (December 1st) after Bank of Japan Governor Kazuo Ueda again signaled that an interest rate hike could be imminent...
The Japanese yen held its recent advance to around 156 per dollar on Wednesday, hovering at one-week highs and benefiting mainly from dollar weakness as traders ramped up bets on a US Federal Reserve ...
Gold (XAU/USD) trades marginally higher on Friday, oscillating within the familiar range that has defined price action this week, as dovish Federal Reserve (Fed) expectations keep the precious metal broadly supported. At the time of writing,...
Stocks in Europe traded higher on Friday, with both the STOXX 50 and STOXX 600 up 0.2%, putting them on track to notch a second consecutive week of gains. Expectations that the Federal Reserve will deliver another rate cut next week continued to...
Brent crude oil futures hovered around $63.3 per barrel on Friday, holding at a two-week high and remaining on track for a weekly gain, driven by geopolitical risk premium. Traders continued to watch for a possible US move in Venezuela after...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the...
Vladimir Putin warned that Russia might consider attacking ships of countries supporting Ukraine if the surge in attacks on Moscow's tanker fleet...