- The USD / JPY remains above 142.00 while the US dollar ticks further data from the opening of American JOLTS work for Mars.
- They Bessent said the chin should be the only one to initiate commercial negotiations.
- Investors expect Boj to maintain stable interest rates on Thursday.
The USD / JPY pair hits nearly 142.30 during the North American session on Tuesday. The pair accelerates while the US dollar (USD) stadium ahead of the United States (United States) Jolts Outres Data Data for Marchwhich will be published at 2:00 p.m. GMT.
The US dollar index (DXY), which follows the value of the greenback against six main currencies, is slightly higher around 99.10.
Economists expect American employers to have displayed 7.5 million fresh jobs, slightly less than 7.56 million seen in February. It is unlikely that the regular growth of new employment data fluctuates the expectations of the market for the prospects of monetary policy of the Federal Reserve (Fed) significantly. According to the CME Fedwatch tool, the Fed should keep interest rates in the current range of 4.25% to 4.50% at the May political meeting.
This week, investors will pay particular attention to a multitude of American economic data, including the non -agitated wage bill (PNF), which will be published on Friday.
Meanwhile, reducing the fears of a de-escalation in the trade war between the United States and China will keep the US dollar on retro-cooking. Investors have started to doubt that trade discussions between Washington and Beijing are underway after the US Treasury Secretary Scott Bessent said on Monday that China should be the only one to initiate trade negotiations. “I believe that it is up to China to defuse because they sell us five times more than we sell them,” said Bessent in an interview on the Squawk box of CNBC.
In the Asia-Pacific region, investors are waiting for the Banque de Japan (BOJ) interest rate, which will be announced on Thursday. BOJ should maintain stable interest rates at 0.5%. Investors will pay particular attention to the comments on the directives of monetary policy. Market players want to know if the hopes of interest rate increases are still alive in the face of the pricing policy announced by US President Donald Trump.
Economic indicator
Boj interest rate decision
THE Japan Bank (BOJ) announces its interest rate decision after each of the bank's expected annual meetings. Generally, if the Boj is a fellow worker on the inflationist perspectives of the economy and increases interest rates, it is optimistic for the Japanese yen (JPY). Similarly, if the Boj has a dominant vision on the Japanese economy and maintains the unchanged interest rates or the cuts, it is generally lower for Jpy.
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Next version:
Game 01 May 2025 03:00:
Frequency:
Irregular
Consensus:
0.5%
Previous:
0.5%
Source:
Japan Bank
