Forex news and forex forecasts

07/12/2018 14:101

USD/JPY is below 113.002

European indexes are also up but government bond yields remain depressed, with the yield of the 10-year Treasury note now at 2.88%, barely above its weekly low of 2.87%. Softer yields are keeping the pair below 113.00. Japan's Leading Index came in at 100.5 for October, well below the expected 104.8, with September reading downwardly revised to 99.6. The Coincident Index for the same month resulted at 104.5, better than the previous 101.6. Activity is limited ahead of the US employment report to be out later today. The economy is expected to have added 200K new jobs in November while the unemployment rate is expected to have remained unchanged at 3.7%. Average hourly earnings are seen up by 3.1% YoY and by 0.3% MoM. Data ahead of the monthly report has been quite soft, and it shouldn't surprise an outcome below forecasts.3