The continuation of the current selling operations of the USDJPY currency pair's price performance may push the bears to move towards the psychological support level of 130.00
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The performance came as the US dollar is exposed to downward pressures ahead of the announcement of the important US job numbers, which affect the expectations of raising US interest rates, which have recently suffered a setback in light of the collapse of US banks, following the US tightening policy.According to recent trading, the US stock market stopped rising for four days, amid selling operations in bank stocks.
And a benchmark for heavyweight securities such as Wells Fargo & Co. and Citigroup Inc. by 2.5 percent. Regional banks were led by shares of Zion Bancorp and First Republic Bank, which fell at least 5.5 percent. In his broad annual letter to shareholders, Jamie Dimon, chairman of JPMorgan Chase & Co, warned that the US banking crisis that sent markets crashing last month will be felt for years.
According to official figures, job vacancies at US employers fell to the lowest level since May 2021, according to the Labor Department's Job Opportunities and Employment Turnover Survey, or JOLTS. The data precedes Friday's US jobs report, which is currently expected to show employers added nearly a quarter of a million workers in March. Economists expect the unemployment rate to remain at a historically low level of 3.6 percent and average hourly earnings to rise steadily.
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