USD/JPY corrects to near 144.50 as US Dollar retraces ahead of US NFP data
By: bitcoin ethereum news|2025/05/02 19:15:01
0
Share
USD/JPY retraces to near 144.50 as the US Dollar gives up the previous day’s gains ahead of the US NFP data for April. Easing US-China trade tensions have increased the risk appetite of investors. BoJ Ueda signaled that plans of monetary policy tightening have been swayed by Trump’s tariff policy. The USD/JPY pair faces selling pressure after a three-day recovery move around 146.00, earlier in the day, and corrects to near 144.50 during European trading hours on Friday. The pair retraces as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gives up Thursday’s gains and slides to near 99.65. The US Dollar (USD) surrenders previous day’s gains as investors turn cautious ahead of the United States (US) Nonfarm Payrolls (NFP) data for April, which will be published at 12:30 GMT. The economic data is expected to have been severely impacted by US President Donald Trump’s tariff agenda. Economists expect US employers to have hired 130K fresh workers, significantly lower than the March reading of 228K. The Unemployment Rate is seen as steady at 4.2%. Signs of cooling labor market conditions would strengthen market expectations that the Federal Reserve (Fed) would start reducing interest rates from the June policy meeting. Meanwhile, market sentiment has turned favorable for risky assets on hopes of a de-escalation in the trade war between the US and China. The Chinese Commerce Ministry signaled willingness to come to the table for trade discussions with the US with the stipulation that talks should be based on “sincerity”. Though the Japanese Yen (JPY) is up against the US Dollar on Friday, its outlook has become uncertain as the Bank of Japan (BoJ) has signaled a delay in plans to increase interest rates further in the face of tariffs announced by US President Trump. “We will enter a period in which both inflation and wage growth will likely slow somewhat,” BoJ Governor Kazuo Ueda said in the press conference, Reuters reported. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar. Source: https://www.fxstreet.com/news/usd-jpy-corrects-to-near-14450-as-us-dollar-retraces-ahead-of-us-nfp-data-202505021029
You may also like

The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.

The AI bubble is bursting
In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.

Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect
In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.

Has the narrative of BTC as "digital gold" failed?
What truly matters is not whether it will rise, but whether you can live to see that day.

A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.

It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage
Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day
The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid
There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Anthropic launches IPO: Business miracle or valuation bubble?
Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.

What Is SpaceX IPO and Why Is Everyone Talking About It?
What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.

Macroeconomic Analysis of the African Payment Market Landscape
Why mobile payments and cryptocurrencies thrive in the absence of banks

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share
Overview of Important Market Events on June 3rd

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein
The core value of Goeckeler's speech lies in its provision of a highly transparent and logically clear narrative framework for corporate transformation.

Bitcoin Price Prediction 2030: Ark Invest Forecasts $710K
Explore Ark Invest and Standard Chartered bitcoin price prediction 2030 forecasts, plus key risks and how to position your portfolio. Full analysis on WEEX.

WEEX Review 2026: Fees, Security and Trading Features
Read our in-depth WEEX review covering fees, security, copy trading, and 400x leverage. See how it compares to Binance and Bybit. Full analysis on WEEX.

SOL Price Today: Live Solana Price, Charts & Market Data
Find the SOL price today with real-time data, plus key drivers behind Solana's movement and actionable trading tips. Read the full analysis on WEEX.

What Is a Bitcoin ETF: Spot vs Futures Explained
Learn what a Bitcoin ETF is, how spot vs. futures ETFs work, and why institutional inflows are reshaping BTC in 2026. WEEX analysis.
The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.
The AI bubble is bursting
In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.
Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect
In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.
Has the narrative of BTC as "digital gold" failed?
What truly matters is not whether it will rise, but whether you can live to see that day.
A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.
It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
