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USD/JPY Forecast: US Jobs Report and Services PMI in Focus
The USD/JPY rallied 0.93% on Thursday. Following a 0.92% gain on Wednesday, the USD/JPY ended the session at 144.622. The USD/JPY fell to a low of 142.851 before rising to a Wednesday high of 144.849. On Friday, the Services PMI drew investor interest. In December, the manufacturing sector contracted at a more marked pace. However, a pickup in service sector activity could support bets on a Bank of Japan pivot from negative rates. The Jibun Bank Services PMI increased from 50.8 to 51.5 in December, down from a preliminary 52.0. According to the finalized survey, New business rose at the most marked pace since ... (full story)