Expect USD/JPY to stay 112 - 113 this NFP week – J.P Morgan

Dhwani Mehta FXStreet

Bloomberg reports the outlook for the USD/JPY pair outlined by the analysts at J.P Morgan (JPM) for this week, with the key US NFP report in sight.

Key Quotes:

“Expect USD/JPY to stay 112 - 113 this week

Says the market focus is on geopolitics over macro / US rates developments

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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