The USD/JPY hasn't dropped like the other dollar crossed yet, but could we potentially see a clean break down below 142.50 support? Well, we will need to see a big miss on the NFP print for that to potentially happen.
The consensus is for a 110K increase in non-farm payrolls, but recent data has been less than convincing. The ADP private payrolls figure released yesterday registered its first decline in over a year, stoking concerns that today’s number might fall short of expectations — potentially even slipping below 100K.
On the unemployment front, a slight uptick to 4.3% is anticipated, up from 4.2%, while Average Hourly Earnings are seen rising 0.3% month-on-month vs. 0.4% increase the month before.
By Fawad Razaqzada, market analyst with FOREX.com
The consensus is for a 110K increase in non-farm payrolls, but recent data has been less than convincing. The ADP private payrolls figure released yesterday registered its first decline in over a year, stoking concerns that today’s number might fall short of expectations — potentially even slipping below 100K.
On the unemployment front, a slight uptick to 4.3% is anticipated, up from 4.2%, while Average Hourly Earnings are seen rising 0.3% month-on-month vs. 0.4% increase the month before.
By Fawad Razaqzada, market analyst with FOREX.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.