XE Market Analysis: Asia – Oct 02, 2015

The dollar was crushed following the weaker than expected September jobs report, taking EUR-USD to two-week highs over 1.1315 from near 1.1150, and USD-JPY to a one-month low of 118.68 from 120.35. The data pushed back Fed rate hike expectations to March of 2016, which resulted in tumbling Treasury yields, and another early stock market rout. The 10-year not traded under 2.00%. As Wall Street turned higher in afternoon trade, the dollar recovered a portion of its early losses, seeing the euro move back under 1.1240, and USD-JPY back over 119.90.