Midweek trading ideas: How will US data impact USD/JPY?

CMC Markets2 hours ago12:22

Markets face a busy run of US data from Wednesday at a critical point, after interest rates surged and the US dollar strengthened against several major currencies. ADP employment is expected to show 70,000 jobs created in September, up from 38,000 in August, while core personal consumption expenditure is expected to rise 0.3% month-on-month and remain unchanged at 3.3% year-on-year. Friday’s jobs report is expected to show 90,000 non-farm payroll positions created, with unemployment unchanged at 4.1%. Hotter-than-expected data could increase the odds of a Federal Reserve rate hike at the October meeting. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.

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Midweek trading ideas: How will US data impact USD/JPY? | PiQ Markets