💰 Most Asian currencies rose slightly on Friday ahead of key U.S. payrolls data
📉 Rebound in Japanese yen from 34-year lows amid currency market intervention
🇯🇵 USDJPY pair fell 0.4% to 153.02, impacted by Japanese government intervention
⚖️ USDJPY pair at 160 seen as new line for currency market intervention
📊 Asian trading volumes low due to market holidays in Japan and China
🌏 Broad Asian currencies rose slightly, with AUDUSD pair up 0.2%
⛽️ South Korean won’s USDKRW pair fell 0.3%, Singapore dollar’s USDSGD pair fell 0.1%
🇮🇳 Indian rupee’s USDINR pair fell slightly below record highs hit in April
💵 Dollar steadied in Asian trade after tumbling, focus on nonfarm payrolls data for April
📈 Strong labor market might lead Fed to keep rates high for longer
💴 Yen headed for best week in over a year, gaining more than 3%
📉 Dollar on the back foot, losing ground against most peers
💰 US nonfarm payrolls data awaited to guide dollar’s next moves
🦘 Australian dollar on track to gain nearly 0.6% for the week
🇳🇿 New Zealand dollar plans for a 0.4% weekly gain
💹 Asian stocks surged following Apple’s record $110 billion share buyback plan
📊 Yen still down 8% against the dollar this year despite recent bounce
💵 Dollar index last at 105.25, set for worst weekly performance since early March
📉 U.S. stocks ended higher on Thursday, with Nasdaq advancing 1.5%
📈 Canadian dollar strengthened against U.S. counterpart
📉 Federal Reserve emphasized that inflation remains high and no plans to cut interest rates soon
📈 Various currencies, like AUD, NZD, GBP, and EUR, strengthened against the Greenback due to positive market sentiment
📊 Global stocks rallied on risk-on sentiment, with the Dow and S&P 500 rising
🇯🇵 The Japanese Yen gained against the Dollar amid suspected intervention
🛢️ Gold prices struggled to gain traction despite a less hawkish Fed outlook
📊 The US Jobs Report is awaited for fresh directional impetus in the market
Asian Currencies React to U.S. Payrolls Data and Currency Interventions
💰 Ahead of the release of key U.S. payrolls data, most Asian currencies experienced slight gains, signaling anticipation and market activity.
📉 The Japanese yen saw a rebound from 34-year lows, potentially influenced by currency market interventions, impacting trading dynamics.
📈 The weakness in the dollar provided breathing room for regional currencies, allowing for slight increases in values and trading patterns.
🇯🇵 The USDJPY pair’s movement, impacted by Japanese government intervention and a new line set at 160, showcased the delicate balance of currency markets.
⚖️ As Asian trading volumes remained low due to market holidays, the overall market sentiment was influenced by specific currency movements and intervention strategies.
📊 Broad Asian currencies experienced slight rises, with specific pairings like AUDUSD and USDKRW showing marginal changes in values.
⛽️ The South Korean won and Singapore dollar faced fluctuations against the Greenback, showcasing the interconnected nature of global currency markets.
🇮🇳 The Indian rupee’s performance against the dollar fell slightly below record highs, highlighting regional economic challenges.
💵 The dollar’s steadiness in Asian trade following a period of decline placed emphasis on the importance of upcoming economic data releases.