April 2nd Morning Forex Briefing: Key Movements in USD, JPY, and EUR

Exchange Rates at a Glance

The USD/KRW rate stands at 1,514.86 KRW, showing a stable trend with no significant change from the previous day.
The JPY/KRW (per 100 Yen) is at 954.25 KRW, fluctuating within a stable range, with attention needed on global risk appetite shifts.
The EUR/USD is recorded at 1.16, balancing between depreciation and appreciation against the dollar.

USD/KRW: U.S. interest rate remarks continue to influence the market, but uncertainty has eased due to reduced domestic political risks.
JPY/KRW: The Bank of Japan’s ongoing accommodative stance exerts downward pressure on the yen, though recent supply-demand stability is also noted.
EUR/USD: The European Central Bank’s stance and upcoming U.S. consumer data releases are expected to be critical drivers for future direction.

U.S. March Employment Report Scheduled for Release: Stronger or weaker-than-expected U.S. labor market data may increase volatility in the dollar and major currencies.
European Central Bank (ECB) Policy Meeting: With inflation concerns overlapping economic slowdown fears, all eyes are on the ECB’s interest rate and monetary policy announcements.
Global Geopolitical Tensions: Geopolitical variables in the Middle East and Asia may trigger risk aversion, warranting attention to the yen and yuan.

Confirm the release time of U.S. employment data and the ECB press conference today.
Monitor global geopolitical developments and volatile moves in emerging market currencies.
Review major exchange rate trends before the domestic stock and financial markets open.

This information is provided solely for exchange rate trend analysis and is not investment advice.