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USD/JPY Eyes Sub-141 on FOMC Member Reactions to the Jobs Report
It is a relatively quiet Tuesday session for the USD/JPY. There are no economic indicators from Japan to draw interest this morning. The lack of economic indicators will leave FOMC member commentary from Monday to resonate. Despite the market reaction to the US Jobs Report and Fed chatter, monetary policy divergence favors the dollar. However, intervention chatter continues to influence sentiment toward the USD/JPY. It is a quiet day on the US economic calendar, with no US economic indicators to provide direction. The quiet economic calendar will leave FOMC member commentary in focus, with FOMC member Bullard on the ... (full story)