Payrolls Set to Determine Future of USD/JPY and Bond Markets
The recent bullish breakout in US bonds triggered a significant drop in USD/JPY, pushing it below the 150 threshold. All eyes are now on the upcoming payrolls report. This report could play a crucial role in deciding whether the yen’s recent surge continues to gain momentum or starts to lose steam. Experts speculate that this might be a critical moment for both the bond market and the Federal Reserve’s interest rate trajectory. Traders should prepare for possible volatility as the results could influence market sentiment and future movements in the currency pair. The interplay between these elements could reshape the market landscape in the coming weeks.
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