Tag Archive: Japan Unemployment Rate

Unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the reported month.

FX Daily, April 28: Oil’s Slides before Steadying, while Easing of Lockdowns Support Risk-Taking

2020-04-28

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2020-04-28

Overview: Equities are building on yesterday's gains.  The MSCI Asia Pacific Index rose 2% yesterday and edged higher today. Shanghai and Austalia stand out as exceptions.   In Europe, the Dow Jones Stoxx 600 is extending yesterday's 1.8% gain to reach its best level since March 11. Today would be the fourth advance in the past five sessions. US shares are firmer.

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FX Daily, January 31: Stocks Finishing on Poor Note, while the Dollar and Bonds Firm

2020-01-31

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2020-01-31

Overview: It was as if the World Health Organization's recognition of that the new coronavirus is an international health emergency was the catalyst that the markets needed. US equities recovered smartly and managed to close higher on the session. However, the coattails were short, and follow-through buying of US shares fizzled.

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FX Daily, November 29: Equities Slip While Investors Mark Time

2019-11-29

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2019-11-29

Overview: Global equities are trading heavily. Both the MSCI Asia Pacific and the Dow Jones Stoxx 600 snapped four-day advancing streaks yesterday and have seen some follow-through selling today. In the Asia Pacific region, all the markets fell but Jakarta. Hong Kong's Hang Seng slipped a little more than 0.2% yesterday but dropped 2% earlier today to record its biggest decline in three weeks.

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FX Daily, November 1: Dollar Remains on the Defensive Ahead of Jobs Report

2019-11-01

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2019-11-01

Overview: An unexpected increase in China's Caixin manufacturing PMI helped lift Asia Pacific equities after the S&P 500 stumbled yesterday amid concerns that there will not be a phase 2 in US-China trade negotiations. The MSCI Asia Pacific Index rose 4.3% in October, and with the help of gains in China, Hong Kong, Korea, and Taiwan began November with a gain.

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FX Daily, October 1: Dollar Jumps to Start New Quarter

2019-10-01

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2019-10-01

Overview: The US dollar is rising against nearly every currency today as global growth concerns deepen. Japan's Tankan Survey showed large manufacturers confidence is a six-year low. The Reserve Bank of Australia cut 25 bp as widely expected and kept the door open for more. The final EMU PMI ticked up from the flash, but it is still at a seven-year low.

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FX Daily, July 30: Sterling Pounded

2019-07-30

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2019-07-30

Overview:  The prospect of a no-deal Brexit continues to pound sterling lower.  A little more than two months ago, it was testing $1.32.  Two weeks ago it was around $1.25.  Today it traded near $1.2120 before stabilizing.  On the other hand, the 10-year Gilt yield is below 65 bp, a new multiyear low, while the international-laden FTSE 100 is holding its own in the face of heavier equity prices in Europe.

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FX Daily, June 28: The World may Look Different Come Monday

2019-06-28

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2019-06-28

Overview: Quarter-end positioning seems to dominate today's activity. The outcome of bilateral talks at the G20 gathering partly reflects the influence of the US President who eschews multilateral efforts as a hindrance to its sovereignty.  Equities in Asia Pacific slipped today but held on to modest gains for the week.

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FX Daily, May 31: US Struggles to Build Physical Wall, Tries Tariff Wall on Mexico

2019-05-31

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2019-05-31

Overview: The US announcement to lay a 5% tariff on all goods coming from Mexico (starting June 10) until it stops the flow of "illegal migrants" spurred sharp losses in the Mexican peso and general risk-off move that strengthened the yen. The tariffs are set to rise every month until reaching 25%. This is a significant surprise and especially given that the Trump Administration is preparing to formally submit the USMCA to Congress.

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FX Daily, March 02: Markets Unanchored?

2018-03-02

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2018-03-02

The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets. Yet there is certainly more going on here than that. The tariffs, justification, and magnitude have indicated and expected. After reversing lower on Tuesday and selling off on Wednesday, equity investors hardly needed a fresh reason to sell on Thursday.

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FX Daily, January 30: Dollar and Bonds Stabilize; Equities not Yet

2018-01-30

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2018-01-30

The US dollar is paring yesterday's gains, and the 10-year Treasury yield has slipped back below the 2.70% level after pushing 2.73% briefly. European bonds have also eased, with yields one-two basis points lower. It is thus far a mild Turn Around Tuesday but suggests that the market psychology that has driven the dollar lower and yields higher persistently since mid-December have not been broken.

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FX Daily, December 01: Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month

2017-12-01

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2017-12-01

The release of the manufacturing PMIs confirm that the synchronized global expansion remains intact. The focus today is on three unresolved political challenges: US tax reform, the UK-Irish border and the talks that may produce another grand coalition in Germany. The US dollar is mixed, with the dollar-bloc currencies and Scandis pushing higher.

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FX Daily, October 31: Month-End Leaves Market at Crossroads

2017-10-31

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2017-10-31

Global equity markets are closing another strong month. The MSCI Asia Pacific Index was little changed on the day, but up 4.3% in October, the 10th consecutive monthly advance. Europe's Dow Jones Stoxx 600 is also flattish today, but up 1.6% on the month. It is the second monthly advance after a June-August swoon. The benchmark is closing in on the high for the year set in May.

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FX Daily, September 29: Dollar’s Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro

2017-09-29

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2017-09-29

Supported by a sharp rise in interest rates and ideas of tax reform, the US dollar is closing one of its best months of the year. The Dollar Index is snapping a six-month decline, and the euro's monthly advance since February is ending. This month, the US 10-year yield has risen 18 bp, and the two-year yield has risen 13 bp. It is the biggest increase since last November.

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FX Daily, August 29: Dollar Losses Accelerate After North Korea Sends Missile over Japan

2017-08-29

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2017-08-29

A brief period of quiet, which some may have confused with a change in posture, North Korea followed up the weekend's test of three ballistic missiles with what appears to have been an intermediate missile that flew over Japan. South Korea responded with its own symbolic display of force by dropping bombs by the DMZ.

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FX Daily, July 28: Dollar and Equities Closing Week on Heavy Note

2017-07-28

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2017-07-28

The US dollar is mostly lower, though one of the features of recent days has been the dramatic slide of the Swiss franc, and that is continuing today. The franc is off another 0.5% today, to bring its weekly loss to a sharp 2.5%. The euro finished last week near CHF1.1030 and is now near CHF1.1370; its highest level since the cap was lifted in mid-January 2015.

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FX Daily, June 30: Greenback Stabilizes

2017-06-30

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2017-06-30

The US dollar has been battered this week amid a shift in sentiment seen in how the market responded to comments mostly emanating from the ECB's annual conference. It is not really clear that Draghi or Carney gave new policy indications.

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FX Daily, May 30: Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs

2017-05-30

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2017-05-30

With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today. The chief story today, though, is not the greenback but the euro. The euro is trading heavily for the fourth session.

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FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike

2017-03-03

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2017-03-03

The US dollar is narrowly mixed as Yellen's speech in Chicago is awaited. The greenback's three-day advance against the euro and four-day advance against the yen is at risk. The dollar-bloc currencies, where speculators in the futures market had gone net long, continue to underperform.

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FX Daily, December 27: Markets Becalmed in Wait-and-See Mode

2016-12-27

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2016-12-27

Japan Construction Orders YoY, November 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week. Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today.

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FX Daily, November 29: Dollar Comes Back Mostly Firmer, but Focus is Elsewhere

2016-11-29

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2016-11-29

FX Performance, November 29 2016 Movers and Shakers
The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America. The dollar is firm against the euro and yen but within yesterday's broad trading ranges. The Australian and Canadian dollar's gains from yesterday are being pared.

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