This week is prelude to FOMC Dec meeting – Deutsche

By FXStreet FXStreet (Guatemala) – Analysts at Deutsche Bank said that they believe this week will be a prelude to this December showdown.

Key Quotes:

“Data releases include the ISM manufacturing index, Fed Chair congressional testimony on Wednesday, and payroll figures on Friday.

“We estimate that the IMS will come in below 50% while non-farm employment will be up only 175,000 MoM. If so, we would not expect much upward pressure on the USD/JPY.

That said, over a month remains before the December FOMC meeting, and bullish USD/JPY investors may be satisfied if this week’s testimony and payroll data are simply not overly disappointing.”
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Source:: FX Street