The US Nonfarm Payroll report for December is out on Friday, US time
I posted up a couple of previews ICYMthem:
- US Nonfarm payroll data is due on Friday - here is a preview of what to expect
- Its Nonfarm Payroll day on Friday and never too early for a preview!
Meanwhile, from JPMorgan in Tokyo (this via Bloomberg):
Expect USD/JPY to stay 112 - 113 this week
- Says the market focus is on geopolitics over macro / US rates developmtns
- In particular - concern over a possible missile launch by North Korea and growing tensions in the Middle East (Iran and Jerusalem) and oil price impacts
- JPM is not expecting a strong outcome from U.S. jobs data Friday, but that should not change the Fed's monetary tightening policy
Further out:
- Expect 111-114
- Speculation on BOJ's new leadership expected to be a key driver of the yen over the next couple of months
