Japan's Unemployment Rate

فصل 23 Japan's Unemployment Rate

JPY: Japan’s Unemployment rate came unexpected at 2.6% from a 2.5% Forecast

Summary:

The Japanese economy showed some weakness versus the U.S Dollar after releasing Japan’s Unemployment rate data on 29-11-2022 at 1:30 AM (GMT +2) with an unexpected result of 2.6%. USDJPY increased from 138.80 to 139,38, but is this increase because of the unemployment rate?

1. Fundamentals

Japan released the Unemployment Rate report on November 29, 2022. The Unemployment rate is one of the major indicators that affect the market widely, it measures the percentage of the total workforce that is unemployed and actively seeking employment during the previous three months. A higher-than-expected data is bearish for the Yen, and lower-than-expected data is bullish for the Yen. The data came out to be 2.6% rather than the forecasted result of 2.5% which is supposedly bullish for the Yen. However, USDJPY increased widely after this indicator because of the bearish force for the JPY.