US employment data outlook stronger than expected, dollar/yen trades oscillating around 156 yen.

【9/4Market Overview】

In Tokyo time, the USD/JPY fell to155.29yen, then recovered to156.44yen. The Nikkei average’s solid performance also supported sentiment. In European hours, the USD/JPY moved nervously around156yen.In NYtime,8month US employment data showedNFP (Non-Farm Payroll) rising by16.2ten-thousand in the previous month and beating the forecast of5.6ten-thousand. Past two months' figures were revised higher. The USD/JPY rose to156.74yen, then fell sharply to155.33yen.

Additionally, President Trump posted on hisSNSshould respond wisely under its new leadership,FRBFRB and US rates should be lower than anywhere else in the worldneed to cut rates, otherwise trade with surplus countries would be halted,, prompting calls for rate cuts. Meanwhile, H. M. Barnett? (Hammack) Cleveland Fed President (voting member on the FOMC) posted onSNSthat “inflation is too high” and “it’s time to act,” reiterating the case for rate hikes.

【9/7Market View】