Tomorrow’s US NFP numbers might set the bar for USD/JPY - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, believes that with strong US ADP numbers, tomorrow’s nonfarm numbers might set the bar for the USD/JPY, which trades steady.

Key Quotes

"The USD-JPY may hold steady in the near term with risk appetite at slightly calmer levels while the Fed’s Evans (voter) stated that the Fed should be in “no hurry” to raise rates.”

“The ADP numbers overnight also came in better than expected although on a multi-session basis, the nonfarm numbers tomorrow may set the bar for the pair tomorrow."