US Dollar unlikely to go too far ahead of NFP – ING DollarIndex UnitedStates NFP Banks USDJPY
DXY could trade in a 104.00-104.50 range
However, we doubt the USD will go too far ahead of tomorrow's more important jobs and wage data. DXY could trade in a 104.00-104.50 range and if the Fed policy rate could be flatlining after all this summer then expect further interest in the carry trade. Here, USD/JPY could grind back to the 141 area.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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