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Dollar steady as focus turns to US payrolls, yen intervention jitters persist

Markets are keenly awaiting crucial U.S. non-farm payrolls data on Thursday, with the dollar holding steady. Meanwhile, the Japanese yen's sharp decline to a 40-year low against the dollar has traders on edge, anticipating potential intervention from Japanese authorities, especially with a U.S. holiday approaching. Stronger-than-expected U.S. jobs figures could further boost the dollar, while a weaker report might prompt intervention.

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Economic TimesLean R·1h ago
Dollar steady as focus turns to US payrolls, yen intervention jitters persist
Markets are keenly awaiting crucial U.S. non-farm payrolls data on Thursday, with the dollar holding steady. Meanwhile, the Japanese yen's sharp decline to a 40-year low against the dollar has traders on edge, anticipating potential intervention from Japanese authorities, especially with a U.S. holiday approaching. Stronger-than-expected U.S. jobs figures could further boost the dollar, while a weaker report might prompt intervention.
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Dollar steady as focus turns to US payrolls, yen intervention jitters persist

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