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<p>Japan finance minister Suzuki says is closely watching FX moves.</p><p>While the yen was rapidly weakening Suzuki was one of a number of Japanese officials jawboning some support for the currency. To their credit the officials held USD/JPY from rising much above 150 without splashing cash on actual intervention (selling USD fro

<p>I posted late last week on:</p><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-is-forecasting-the-first-ecb-rate-cut-in-q2-of-2024-vs-q3-prior-forecast-20231201/" target="_blank" rel="follow">Goldman Sachs is forecasting the first ECB rate cut in Q2 of 2024 (vs. Q3

<p>RBC is looking for a modestly weaker non-farm payroll report from the US later today, Friday, 8 December at 8.30 am US Eastern time.</p><p>RBC forecasts the unemployment rate to rise by 0.1 to 4.0%</p><ul><li>Employment likely to grow by 185K, "with return of workers from the UAW strike accounting for 30K

<p>Analysts at Barclays have an S&amp;P500 target of 4800 for 2024.</p><p>They say that 2023 was a "roller coaster", proving that the current cycle is anything but normal. For 2024:</p><ul><li>"We expect US equities to deliver single-digit returns next year"</li></ul><p>E

<p>The US non-farm payrolls data is due at 8.30 am US Eastern time on Friday, 8 December 2023. </p><p>The ranges for the key data points are:</p><ul><li>Headline number 100K to 275K</li><li>Unemployment rate 3.8% to 4.0%</li><li>Average earnings m/m 0.2% to 0.4% (for the y/y 3.9 to 4.2%)&l

<p>China will publish its November inflation data over the weekend.</p><p>The CPI has recently turned negative m/m and y/y </p><ul><li><a href="https://www.forexlive.com/news/china-october-cpi-01-mm-vs-expected-00-20231109/" target="_blank" rel="follow">China October CPI -0.1%

<p>The advance reading for Japan's Q3 economic growth is here:</p><ul><li><a href="https://www.forexlive.com/news/japan-preliminary-q3-gdp-05-qq-expected-01-20231114/" target="_blank" rel="follow">Japan preliminary Q3 GDP -0.5% q/q (expected -0.1%)</a></li></ul><p

<p>Real wages continue to fall with the surge 9for Japan) in inflation rates. </p><ul><li>October real wages -2.3% y/y</li><li>the 19th consecutive month of decline</li></ul><p>Household spending m/m fel 0.1% (expected -0.2%). The y/y result is in the screenshot below, also not as big a fall as

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/a-mixed-us-jobs-report-to-come-later-20231208/">A mixed US jobs report to come later?</a></li><li><a href="https://www.forexlive.com/news/japanese-yen-still-in-the-spotlight-amid-volatile-trading-20231208/">Japa

<p>A strong and decent enough non-farm payrolls print but perhaps a tick higher in the unemployment rate. That seems to be the growing consensus going into the US jobs report later and that would give markets plenty to think about. The former is likely the case after the resolution of the UAW strikes while the […]