In the Tokyo market, the dollar-yen first went up. Worries about Japanese politics and higher U.S. interest rates pushed it to the upper 148 level. But comments from Bank of Japan Governor Ueda, which were seen as supporting low interest rates, stopped further gains.
In the European market, short-covering pushed the dollar-yen up to 149.13, but then selling brought it back down.
In the New York market, the U.S. job openings report for August was weaker than expected, and the previous month’s numbers were also revised down. This showed weakness in jobs, and the dollar-yen fell to 147.89.
Today, the U.S. ADP jobs report and weekly jobless claims will be released. If they are also weak, people may expect even worse results in Friday’s main jobs report, and the dollar could fall more. Even if the results are stronger than expected, the upside is likely limited because everyone is waiting for the main jobs report.
Dollar-Yen expected range: 147.50 – 148.50 yen
Note: This information does not guarantee profits. Please make your own decisions when trading.