USD/JPY moves higher after strong October US payrolls report: Nov 8, 2026
The dollar moved higher after the US October jobs report showed payroll employment rose by 165,000 with the unemployment rate at 4.1%, marking its biggest daily gain in nearly five months. The stronger-than-expected data lifted the 10-year Treasury yield and set up expectations for a Federal Reserve rate rise in December, while the Japanese yen gave back earlier gains ahead of the release.
Updated
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Headlines (9)
Carried over from earlier days
- Japanese Yen retreats from weekly high as USD steadies ahead of US NFP reportFXStreet
- Japanese Yen gives back gains on risk-off markets and with NFP on tapFXStreet
- Payroll employment rises by 165,000 in October; unemployment rate changes little at 4.1%bls.gov
- US Non Farm Payrolls Surge 165K, Revisions Add 84K as Unemployment Falls to 4.1%ActionForex
- 10-year Treasury yield surges after much stronger-than-expected October jobs reportCNBC
- USD moves higher after the US jobs report. What levels are in play now?InvestingLive
- Blowout October payrolls data sets up Federal Reserve December rate riseFinancial Times
- Signs Pile up of a Solid and Tightening Labor Marketwolfstreet.com
- US October Payrolls Rise by 165,000, Dollar Posts Biggest Daily Gain in Nearly Five Monthsgelonghui.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| Leading Indicators | 116.7% | JPY |
| FOMC Member Bowman Speaks | USD | |
| FOMC Member Goolsbee Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Barkin Speaks | USD | |
| Household Spending y/y | -3.1% | JPY |
| BOJ Summary of Opinions | JPY | |
| Bank Lending y/y | 5.4% | JPY |