Dollar-Yen May Test 150 If U.S. Non-Farm Payrolls Data Surprise to Downside -- Market Talk

Dow Jones

02-07

0243 GMT - The dollar-yen may test the 150 level ahead of the weekend if the U.S. non-farm payrolls report due out today surprises to the downside, Matt Simpson at forex.com and City Index says in a commentary. The yen was the strongest major currency on Thursday amid hawkish BOJ bets after policy board member Tamura urged the central bank to raise the policy rate to at least 1%, the market analyst notes. With the BOJ's policy rate now around 0.5%, this points to market pricing of two more rate increases this year, Simpson adds. USD/JPY is 0.1% higher at 151.59. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 21:44 ET (02:44 GMT)

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