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Dollar regains ground as USD/JPY rebounds to 158.01

Reported · Written up by our desk · Major Pairs

Forexlive reports the US dollar was broadly stronger ahead of NFP, supported by a hot ISM manufacturing report, though the initial spike in long dated Treasury yields faded later in the session.

The article says the market also shifted after Fed comments from Jefferson and Williams suggested the Federal Reserve should take its time before hiking rates again, with odds for an Oct 28 hike falling to 26.0%.

It also highlights an unexpected early drop in USD/JPY, when the pair fell 50 pips in a sudden move, before steadily reversing.

By the close, USD/JPY finished up 63 pips on the day at 158.01, the article said.

Latest closeUSD/JPY 157.40 ▲0.0%

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