The USD/JPY may fall to 82.00 amid a relative lack of further yen weakening cues from Japan's lower house election-related issues, says Barclays Bank chief FX strategist Masafumi Yamamoto says in a note. The house expects U.S. jobs data due later Friday will show the U.S. economy added 50,000 jobs in November and the unemployment rate ticked up to 8.0%, compared to an expected 80,000 job increase and an unemployment rate of 7.9%, according to the median forecast of economists surveyed by Dow Jones. Still, as shown in weekly jobless claims Thursday, "weakness in U.S. economic indicators due to Hurricane Sandy is likely temporary," he says. "Any falls in the dollar/yen will likely be limited even if data turn out to be weak this time." The USD/JPY is at 82.46.
Find us on Google+
No comments:
Post a Comment