USD/JPY

Dollar Edges Higher Before US Data, Yen Steady

The dollar edged up as markets await the release of the US purchasing managers' index that will give cues on the US economic outlook and Federal Reserve rate cuts.

The Bloomberg Dollar Spot Index rose 0.1%; was down 0.2% for the week.

The yen was steady after the nation's key inflation measure accelerated for the first time in four months, staying well above the Bank of Japan's 2% target.

The Aussie dollar hit its session high of 0.6570 after a couple of exporters entered the market at about the same time to buy spot from local banks, according to Asia-based FX traders.

"Dollar's rebound is being sustained for another session as markets pare back on recent USD shorts," said Christopher Wong, FX strategist at Oversea-Chinese Banking Corp. "Market liquidity is expected to remain thin while the two-way trade in the greenback may dominate ahead of US preliminary PMI data tonight".

The greenback was higher against most of its Group-of-10 peers on the day.

AUD/USD was little changed after climbing 0.2% on Thursday; the pair is set for its second weekly gain.

USD/JPY was steady at 149.58.

The US 10-year yield gained 5bps to 4.46%; US Treasury yields rose across the curve as traders returned from their Thanksgiving break, and ahead of a shortened US session.

Some information comes from a FX trader familiar with the transactions who asked not to be identified because the person isn't authorized to speak publicly.

Source: Bloomberg

Related News

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.

World Time