The report highlights market anticipation of the US Non-Farm Payrolls (NFP) report as the primary driver for G10 currency moves. Strategist Laoise Ni Thighearnaigh maintains a cautious approach, favoring USDCHF and USDCAD longs while monitoring key technical levels across major pairs.
Key Takeaways
- 1.Market focus is on US NFP data today to gauge potential hawkish shifts from the Fed.
- 2.The author maintains a bearish view on the Canadian economy, favoring USDCAD long positions.
- 3.Technical levels are being watched for USDJPY, particularly the 160 resistance level.
Table of Contents
- G10 FX
- JPY
- CHF
- AUD/NZD
- US/Canadian Payrolls
- NOK/SEK
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Authors
Laoise Ni Thighearnaigh
Securities
USDCADUSDJPY
Themes
Market consolidation ahead of macro dataFederal Reserve monetary policy expectations
Regions
GlobalUnited StatesCanadaJapan