USD/JPY bias held weak bearish on October 3, 2026
The yen drew support after Tokyo core inflation reached 2.7%, though expectations around an October Bank of Japan hike have shifted. Attention then turned to the U.S. jobs report, which missed with 29K jobs added as wage growth slowed and unemployment rose to 4.2%. The yen gave back some post-payrolls gains even as the dollar was muted ahead of and after the data.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Weak bearish
Headlines (16)
Carried over from earlier days
- ICYMI: BOJ opinions and tankan both point to more rate hikes after September's moveInvestingLive
- Japanese Yen drops to weekly low as elevated US bond yields lift USD to two-month highFXStreet
- Japanese Yen dips further as higher US yields offset hawkish BoJ opinionsFXStreet
- Could Japan trigger another yen carry trade shock for Bitcoin?Crypto.news
- Japanese Yen: USD/JPY rises as October BoJ hike bets fade – MUFGFXStreet
- USD/JPY: Yen soft as intervention absent – UOBFXStreet
- New Month, Same Market Dynamicsmarctomarket.com
- Japanese Yen recovers as intervention risk offsets US Dollar strengthFXStreet
- The Japanese Yen weakens as traders pare Bank of Japan October hike betsFXStreet
- Tokyo core inflation hits 2.7% and the Yen firmsFXStreet
- investingLive Asia-Pacific market news: Markets mark time before payrollsInvestingLive
- Japanese yen firms on strong inflation, dollar muted before payrolls testInvesting.com
- Japanese Yen draws support from hot Tokyo CPI as USD bulls await US NFP reportFXStreet
- US Non Farm Payroll Employment Misses at 29K as Wages Slow and Unemployment Rises to 4.2%ActionForex
- Japanese Yen gives back post-NFP gains despite US Dollar weaknessFXStreet
- US job growth slows as unemployment rises before midterm electionsAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Consumer Confidence | 35.3 | JPY |
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Tuesday, October 6 | ||
| 10-y Bond Auction | JPY | |
| 30-y Bond Auction | JPY | |
| BOJ Gov Ueda Speaks | JPY | |
| Trade Balance | -95.2B | USD |
| FOMC Member Bowman Speaks | USD | |