Dollar Defies Expectations as US Jobs Report Looms

The US dollar is showing resilience ahead of the important US employment report on October 2. The jobs report is considered one of the most high-frequency economic reports, despite being subject to revisions. In fact, the Tokyo CPI might have exaggerated the impact on national inflation figures due out on October 23, as Tokyo's water fee waiver has ended.

The dollar's strength is notable, especially considering comments from the vice chair of the Federal Reserve. The US Dollar Index (DXY) is mostly firmer, while the Japan yen and Swiss franc are exceptions, trading 0.30%-0.40% higher.