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Japanese Yen Sep '25 (J6U25)

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[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
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Japanese Yen Prices for [[ item.sessionDateDisplayLong ]]
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Japanese Yen Futures Market News and Commentary

Dollar Pushes Higher on Strength in Oct JOLTS Jobs Report

The dollar index (DXY00) today is up by +0.20%.  The dollar is moving higher due to short covering ahead of the 2-day FOMC meeting that begins today.  The dollar gained ground today after the Oct JOLTS job openings unexpectedly rose to a 5-month high, a hawkish factor for Fed policy.  The dollar's near-term upside is limited amid expectations that the Fed will cut the federal funds target range by 25 bp at the conclusion of the Tue/Wed FOMC meeting. 

President Trump said last that he will announce his selection for the new Fed Chair in early 2026.  Bloomberg reported last week that National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Powell.  Hassett's nomination would be bearish for the dollar as he is seen as the most dovish candidate.  In addition, Fed independence would come into question, as Hassett supports President Trump's approach to cutting interest rates at the Fed.

US Oct JOLTS job openings unexpectedly rose by +12,000 to a... Read more

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