Japanese Economy Minister Yasutoshi Nishimura was on the wires last minutes, via Reuters, commenting on the impact of sales tax hike effective this month.
He said that there are worries sales tax hike may weigh on consumer sentiment, adding that they have to carefully watch consumption.
USD/JPY consolidates Thursday’s slide below the 107 handle, as the Japanese Yen ignores the above comments.
EUR/USD again aims for 1.0987 resistance-confluence while taking the bids to 1.0980 amid the initial trading session on Friday. 23.6% Fibonacci retracement, immediate support-line questions pair’s declines.
GBP/USD stays modestly changed after a positive day. Increasing support for the UK PM’s Brexit deal, challenges to the USD support the Cable. Eyes on the Brexit/political headlines, US data, and Fedspeak.
USD/JPY is looking south, having charted a bearish lower high above 106.90 in Asia. Key hourly and daily chart indicators are also reporting bearish conditions heading into the US NFP release later this Friday.
With the multiple catalysts pushing investors to risk-safety, Gold prices remain on the recovery mode while taking bids to $1510 during early Friday. The yellow metal recently benefited from the global slowdown fears and political uncertainty.
NFP are predicted to rise by 145,000 in September following August’s 130,000 gain. The unemployment rate should be unchanged at 3.7%. Average hourly earnings will rise 0.3% on the month and 3.2% on the year as in Aug.
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