The post USD/JPY holds above 142.00 ahead of US JOLTS Job Openings data, BoJ policy eyed appeared on BitcoinEthereumNews.com.

USD/JPY stays above 142.00 as the US Dollar ticks higher ahead of key US JOLTS Job Openings data for March. US Bessent has stated that Chin should be the one to initiate trade talks. Investors expect the BoJ to keep interest rates steady on Thursday. The USD/JPY pair ticks higher to near 142.30 during the North American session on Tuesday. The pair edges up as the US Dollar (USD) steadies ahead of the United States (US) JOLTS Job Openings data for March, which will be published at 14:00 GMT. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is marginally higher around 99.10. Economists expect US employers to have posted 7.5 million fresh jobs, marginally lower than 7.56 million seen in February. Steady growth in US new job data is unlikely to fluctuate market expectations for the Federal Reserve’s (Fed) monetary policy outlook significantly. According to the CME FedWatch tool, the Fed is expected to keep interest rates in the current range of 4.25%-4.50% in the May policy meeting. This week, investors will pay close attention to a slew of US economic data, including Nonfarm Payrolls (NFP), which will be released on Friday. Meanwhile, diminishing fears of a de-escalation in the trade war between the US and China will keep the US Dollar on the backfoot. Investors have started doubting whether trade discussions between Washington and Beijing are underway after US Treasury Secretary Scott Bessent signaled on Monday that China should be the one to initiate trade talks. “I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, Bessent said in an interview on CNBC’s Squawk Box. In the Asia-Pacific region, investors await the Bank of Japan’s (BoJ) interest rate decision, which will…

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Filed under: News - @ April 29, 2025 6:28 pm