FXStreet (Guatemala) – Analysts at Deutsche Bank said that they believe this week will be a prelude to this December showdown.
Key Quotes:
“Data releases include the ISM manufacturing index, Fed Chair congressional testimony on Wednesday, and payroll figures on Friday.
“We estimate that the IMS will come in below 50% while non-farm employment will be up only 175,000 MoM. If so, we would not expect much upward pressure on the USD/JPY.
That said, over a month remains before the December FOMC meeting, and bullish USD/JPY investors may be satisfied if this week’s testimony and payroll data are simply not overly disappointing.”
(Market News Provided by FXstreet)