Dollar hits three-week high vs yen on trade optimism; US jobs data awaited [CNBC]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: CNBC
Dollar hits three-week high vs yen on trade optimism; US jobs data awaited The dollar yen United States China The greenback has gained about 0.85 percent against its safe-haven Japanese The trade war between the world's two biggest economies has been a major distraction for financial markets over the past year, with riskier assets in particular taking a hit on worries about the broadening business and growth impact of the conflict. U.S. President Donald Trump On the economic front, investors will have an opportunity to gauge the health of the world's largest economy when the March U.S. jobs report is released at 1230 GMT. "In particular, the focus is how strong the earnings component of the jobs report turns out to be. A strong wages outcome would underline robust private consumption and hasten the rebound in Treasury yields and in turn allow dollar/yen to test fresh highs," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo The dollar has rebounded 1.8 percent sin
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