Abstract:Important US Economic Data Release at 7:30 pm ET
Important US Economic Data Release at 7:30 pm ET
1. Data Average Hourly Earnings m/m
Actual 0.3% vs Estimated 0.4%
2. Data on Non-Farm Employment Change
Actual 390K vs Estimated 325K
3. Data Unemployment Rate
Actual 3.6% vs Estimated 3.5%
The data released is mixed at this time the gold price moves in the range of $ 1862.90
The U.S. Federal Reserve's repeated rate cuts and the narrowing of the U.S.-Japan interest rate differential are now in sight. So, why is the U.S.-Japan interest rate differential so important for the yen’s safe-haven appeal, especially when global economic uncertainty rises?
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The Japanese yen failed to create a miracle in 2024, continuing its four-year decline against the US dollar. Does the yen still retain its safe-haven properties? Will the interest rate differential between the US and Japan narrow?