Mitsubishi UFJ: If non-farm data worsens, it may accelerate dollar selling until the end of the year

According to Jin Ten, the U.S. November employment report will be released later today, and Asian currencies showed mixed performance in the morning session. Michael Wan, a foreign exchange analyst at MUFG, stated that if the November non-farm payroll data is disappointing and the unemployment rate rises, this will strengthen the Fed's dovish stance and may accelerate the selling of the dollar until the end of the year. Given the recent U.S. government shutdown, there may be issues with data quality, and the market should be prepared for fluctuations in interest rates and foreign exchange.