If speculation of a significant rate cut in the US recedes, the dollar is likely to rebound, with employment statistics being the key factor in the foreign exchange market next week.

August 30, 2024, 4:04 PM GMT+9 (partial excerpt)

In the foreign exchange market next week, the dollar/yen is expected to react to important economic indicators released in the United States. In particular, employment statistics are highly anticipated as a clue to determine the extent of rate cuts in September. If the speculation of a significant 0.5% rate cut recedes, there is a possibility that the dollar will reverse.
The expected range is 142-147 yen for the dollar and 1.08-1.12 dollars for the euro.
In the United States, the Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index is scheduled to be released on the 3rd, the Federal Reserve's Beige Book on the 4th, and the ISM Non-Manufacturing Business Activity Index on the 5th. There is also interest in the Job Openings and Labor Turnover Survey (JOLTS) on the 4th and the ADP Research Institute's National Employment Report on the 5th, leading up to the release of employment statistics on the 6th.