- The USD/JPY is maintained above 142.00 while the US dollar advances before the key employment data of US Jolts jobs for March.
- The US Scott Besent has declared that China should be the one who starts commercial conversations.
- Investors expect the BOJ to keep interest rates without changes on Thursday.
The USD/JPY pair advances about 142.30 during the American session on Tuesday. The torque rises as the US dollar (USD) stabilizes before the data of US Jolts employment offers for Marchwhich will be published at 14:00 GMT.
The dollar index (DXY), which follows the value of the dollar compared to six main currencies, is marginally higher around 99.10.
Economists expect US employers to have published 7.5 million new jobs, slightly below 7.56 million seen in February. A constant growth in the new US employment data is unlikely to significantly fluctuate market expectations on the monetary policy of the Federal Reserve (FED). According to the CME Fedwatch tool, the Fed is expected to maintain interest rates in the current range of 4.25% -4.50% at the May policy meeting.
This week, investors will pay close attention to a series of US economic data, including non -agricultural payroll (NFP), which will be published on Friday.
Meanwhile, the decreasing fear of a decalsed in the commercial war between the US and China will keep the US dollar in a weak position. Investors have begun to doubt whether commercial discussions between Washington and Beijing are underway after US Treasury Secretary Scott Besent, pointed out on Monday that China should be the one who starts commercial conversations. “I think it depends on China Descalar, because they sell us five times more than we sell them,” Besent said in an interview on CNBC box.
In the Asia-Pacific region, investors expect the decision on the interest rates of the Bank of Japan (BOJ), which will be announced on Thursday. The BOJ is expected to maintain interest rates without changes at 0.5%. Investors will pay special attention to the comments on the orientation of monetary policy. Market participants want to know if the hopes of rates of rates are still alive before the tariff policy announced by the US president, Donald Trump.
Economic indicator
BOJ interest rates
He Bank of Japan Set the interbank interest rate. This rate affects a range of interest rates set by commercial banks, construction societies and other institutions towards their own savers and borrowers. It also affects the price of financial assets, such as bonds, actions and exchange rates, which affect the consumer and the demand for businesses in a variety of forms. If the Bank of Japan has a firm perspective with respect to the Japanese economy and increases the current interest rate, this is upward to the YEN. Instead, a slight perspective that leads to the bank to reduce or maintain current types will be bassist for the YEN.
Read more.
Next publication:
play May 01, 2025 03:00
Frequency:
Irregular
Dear:
0.5%
Previous:
0.5%
Fountain:
Bank of Japan
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
