The dollar fell against the yen Friday after the employment report
showed the U.S. added fewer jobs in March than had been expected,
prompting some traders to delay expectations for when the Federal
Reserve could hike rates.
The dollar USDJPY -0.61% fell to ¥103.25 from ¥103.93 late Thursday, moving in step with a drop in the benchmark 10-year Treasury 10_YEAR 0.00% yield.
The report was “not so strong to stoke fears that the Fed will accelerate the normalization of policy,” said Richard Franulovich, chief currency strategist for the northern hemisphere at Westpac Banking Corp.
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The dollar USDJPY -0.61% fell to ¥103.25 from ¥103.93 late Thursday, moving in step with a drop in the benchmark 10-year Treasury 10_YEAR 0.00% yield.
The report was “not so strong to stoke fears that the Fed will accelerate the normalization of policy,” said Richard Franulovich, chief currency strategist for the northern hemisphere at Westpac Banking Corp.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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