USDJPY | Market outlook
The dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the U.S. is not heading into a recession, reinforcing expectations for the Federal Reserve's rate-cutting path. Markets are pricing in an 88% chance of a rate cut at the Fed's upcoming meeting.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.