
USD/JPY Weekly Outlook: Payrolls loom as US rates remain the dominant driver
Strong US growth and hawkish Fed pricing continue to support USD/JPY, while intervention risk appears to be kicking in at lower levels
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

Strong US growth and hawkish Fed pricing continue to support USD/JPY, while intervention risk appears to be kicking in at lower levels

USD/CAD has printed a clear bearish reversal pattern after an extraordinary September surge, but confirmation may depend heavily on how US Treasury yields react to Friday’s payrolls report.

USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.

Coordinated intervention has pushed fundamentals and technicals into the background for now. The next chapter will likely be written by Friday's payrolls report.
Non-farm payrolls data releases are influential on both economic policy and financial markets. Discover what non-farm payrolls are, the upcoming NFP dates for 2024 and how you can trade them.