US Jobs Report Effect on Currency Pair and Federal Reserve's Rate Stance Before CPI Release

Friday, 5 April 2024, 17:07

The US dollar surged following the robust employment data but faced resistance as Fed policymakers hinted at delaying rate cuts amidst the anticipation for the US Consumer Price Index report. Traders remained cautious before potential Bank of Japan intervention, which could influence the USD/JPY pair.
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US Jobs Report Effect on Currency Pair and Federal Reserve's Rate Stance Before CPI Release

US Employment Data Impact on Markets

The US dollar strengthened after the surprisingly positive US employment data, but was met with resistance as Fed officials hinted at delaying rate cuts. Traders are on edge ahead of the upcoming US CPI report and potential BoJ intervention, which could affect the USD/JPY pair.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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