Weekly Analysis List

USD/JPY Weekly Analysis

6/10/24

Market Overview

The USD/JPY pair has been influenced by contrasting economic indicators from the United States and Japan. The US economy has shown resilience with the US Nonfarm Payrolls for May surpassing expectations at 272K jobs added, compared to the forecast of 185K. This indicates a robust labor market, potentially reducing the likelihood of the Federal Reserve cutting interest rates in the near term.

Conclusion

The upcoming week could see continued strength in the USD/JPY pair, driven by the robust US labor market and the divergence in monetary policies. However, traders should keep an eye on upcoming economic releases and central bank statements for any shifts in this outlook.