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- USD / JPY is testing daily highs after the manufacturing index of the Institute for Supply Management
USD / JPY is testing daily highs after the manufacturing index of the Institute for Supply Management
The U.S. dollar rose against the Japanese yen at intraday highs area Y80.13 after the publication of ISM, which were better than forecast. However, data on consumer confidence fell below the forecast, although increased.
Earlier, the dollar rose after the ADP report for October, reported an increase in employment in the private sector by 158 thousand, exceeding forecasts. Meanwhile, applying for unemployment benefits last week fell to 363 thousand compared to the expected 369 thousand
Positive statistics on the labor market in anticipation of tomorrow's NFP report increased interest in risk. However, many market participants say that, at this stage, the data are less critical than the election results.
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