The Japanese yen continues to shine on Friday. In the European session, 144.81, 0.86% less in the day is quoted. The YEN is quoted at its strongest level since September 2024 and has increased 3.3% this week.
The non -agricultural payrolls of the United States. UU. They are expected to fall
Investors are still digesting the mass losses suffered in financial markets, but they will have to change and focus on today. Market estimation is 135 thousand, lower than February 151 thousand. The US labor market has softened at a gradual rate and the Fed expects the trend to continue.
The policy formulators were analyzing two rates cuts this year, but the announcement of President Trump’s bomb rates will force the Fed to reexamine their growth and inflation forecasts.
What can we expect from the Fed?
That is not a simple question, since the tariffs have sent to the equity markets that fall and the deep uncertainty hangs into the air. Tariffs will increase inflation but also cushion growth, which achieves a difficult balance for Fed. Monetary markets expect a slower American economy to dictate the rates policy instead of inflation and that could mean up to four cuts in 2025 if the economy be tilted in a recession.
Japan recovered in February with a gain of 3.5% m/m, after a 4.5% decrease in January. This crushed market estimation of 0.5% and was the strongest growth rate since March 2022. It is closely monitoring consumption, since it determines when to increase interest rates and it is not clear how new US tariffs. UU. They will affect the confidence and consumer spending.
USD/JPY technical
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