Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

USD/JPY rallies on the back of strong US labor market figures

  • The USD/JPY soared to the 147.70 level, rallying 1%.
  • US Jobless Claims for the week ending on December 30 reported lower at 202K, beating expectations.
  • US ADP Employment Change in December surpassed consensus, posting 164K jobs added.
  • A steady US economy pushes the pair upwards.

In Thursday's trading session, the USD/JPY pair has seen a rally, rising to multi-week highs of 147.70 with a robust 1% uptick. These gains were fueled primarily by the strength of the US Dollar and favorable figures from the labor market, boosting the Greenback over the Yen as the American economy continued to show resilience. Dovish bets on the Federal Reserve (Fed) eased but are still high.

In line with that, during the American session, data from the US Department of Labor and Automatic Data Processing Inc. (ADP) impacted positively on the US Dollar. Initial Jobless Claims for the week ending on December 30 dropped to 202K, significantly beating consensus estimates of 216K and down from the previous week's figure of 220K. On a different note, ADP Employment Change for December presented a positive surprise with an increase of 164k in job creation, surpassing both the consensus estimate and the previous figure of 115K and 101K, respectively.

Adding to that, a resilient US economy that may not require several rate cuts from the Fed and the dovish approach by the Bank of Japan could lead to further strengthening of the Dollar against the Yen. However, it will all come down to US data, and until market easing expectations shift, the Dollar's vulnerability might persist. On Friday, the US will release December’s Nonfarm Payrolls alongside the Unemployment Rate and Average Hourly Earnings, which will set the pair’s trajectory for the short term.

As for now, the CME FedWatch Tool suggests that the odds of rate cuts in March and May have eased but are still high, above 50%, while a hold in January is priced in.

USD/JPY levels to watch

The indicators on the daily chart reflect a moderately bullish sentiment. The Relative Strength Index (RSI) position displaying a positive slope and hovering within positive territory suggests an encouraging uptrend as buyers attempt to gain the upper hand.

In addition, positive coloring is shown in the Moving Average Convergence Divergence (MACD) histogram with rising green bars. This indicates an increase in purchasing momentum, signaling further opportunities for gains in a short-term perspective.

However, the conflicting position of the pair above the 20 and 100-day Simple Moving Averages (SMAs) whilst it underperforms the 200-day SMA cannot be disregarded. This reveals that whilst the bull’s control is evident from a narrower perspective, bear aggressions remain a potent force in the broader approach.

 


USD/JPY daily chart

United States EIA Natural Gas Storage Change registered at -14B above expectations (-40B) in December 29

United States EIA Natural Gas Storage Change registered at -14B above expectations (-40B) in December 29
Baca lagi Previous

United States EIA Crude Oil Stocks Change came in at -5.503M, below expectations (-3.725M) in December 29

United States EIA Crude Oil Stocks Change came in at -5.503M, below expectations (-3.725M) in December 29
Baca lagi Next