News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
Japanese Yen Brushes Off Weaker-Than-Expected Employment Data

Japanese Yen Brushes Off Weaker-Than-Expected Employment Data

Daniel Dubrovsky, Analyst

Talking Points

  • USD/JPY little changed after Japan’s employment report
  • Unemployment rate 3.3% in February versus 3.2% expected
  • Persistent low inflation remains one of BOJ’s top concerns

Find key turning points for the Japanese Yen with DailyFX SSI.

The Japanese Yen was little changed against its US counterpart after Japan released its February employment report. The country’s unemployment rate increased to 3.3 percent from 3.2 in January. Economists forecasted the jobless rate to remain unchanged from last month making the release worse than expected.

Meanwhile, the labor force participation rate decreased to 59.3 percent from 59.7 which is the lowest level since March 2015. All else being equal, this roughly translates to a higher amount of people unable to find a job despite a smaller pool of job-seeking workers.

A tepid response from the Japanese Yen likely reflects how the data minimally impacts Bank of Japan monetary policy expectations. Persistent low rates of inflation remain a top concern for the central bank. Last week, Japan’s National CPI came in at 0.3 percent (YoY) in February versus 0.0 percent in January. Though the jobless rate increased, overall unemployment is at its lowest level since 1997.

Japanese Yen Brushes Off Weaker-Than-Expected Employment Data

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.