[MARKET UPDATE] USD/JPY sharply moves lower from 154.35 to 152.99 in a sharp move post the NFP rise, despite a lack of headlines; Note Japanese markets were closed overnight amid a domestic holiday
The sharp decline in USD/JPY from 154.35 to 152.99 appears to be a reaction to the recent NFP rise, despite no new headlines influencing the move directly.
WSJ's Timiraos says the January jobs report cements the Fed's extended pause on interest rates
BMW (BMW GY) is recalling vehicles from several models globally, Bild reports citing KFZ; 575k vehicles worldwide are affected.
[MARKET UPDATE] USD/JPY sharply moves lower from 154.35 to 152.99 in a sharp move post the NFP rise, despite a lack of headlines; Note Japanese markets were closed overnight amid a domestic holiday
US Nonfarm Payrolls Private (Jan) 172K vs. Exp. 70K (Prev. 37K, Low. 30K, High. 100K)
US Non Farm Payrolls (Jan) 130K vs. Exp. 70K (Prev. 50K, Low. -10K, High. 108K); Two-month net revisions: -17K (prev. -76K)
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The Japanese market's closure for a holiday may have amplified volatility, suggesting that traders are adjusting positions without the usual liquidity. This could reflect shifting expectations around U.S. rates or risk appetite, given the broader context of the NFP report.
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