U.S. Dollar Is Flat After JOLTs Job Openings Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
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The U.S. Dollar Index is trading flat following the JOLTs Job Openings report, which showed a slight decrease in job openings from 7.74 million to 7.568 million. Forex traders are currently awaiting a tariff announcement expected tomorrow. The DXY remains below the 104.50 resistance level, with potential to move towards 105.50-105.70 if breached.
April 01, 2025 | 5:00 pm
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Ascending
NEGATIVE IMPACT
USD/JPY is testing support at 149.00-149.50 as Treasury yields decline. If support fails, the pair could move towards 146.50-147.00 range.
Falling Treasury yields are creating downward pressure on USD/JPY. The pair is testing critical support levels, with potential for further decline if these levels are breached.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
The JOLTs report indicates a slight cooling in job openings, which could impact the US Dollar ETF. Traders are cautious ahead of the upcoming tariff announcement.
The mixed economic data and pending tariff announcement suggest a neutral short-term outlook for the US Dollar ETF. The slight decrease in job openings and potential trade policy changes create uncertainty.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80