Given the current sentiment in the market, there's probably a greater chance of the dollar rallying on a strong number than the risk of any sort of sell-off if there is disappointment.
More Quotes from Junya Tanase:
It seems the Fed is moving toward putting even more emphasis on economic data when deciding how to act on monetary policy.Junya Tanase
There is a sense of accomplishment in the market, having succeeded in boosting the dollar above the key 116 yen level.
Junya Tanase
Markets are afraid there might be a sign of stagflation in the U. S. economy.
Junya Tanase
The markets haven't fully priced in a second rate hike, so there is still room for the dollar to advance. Data today look as if they will be strong and support the dollar.
Junya Tanase
We'll probably see the yen gain a little if the BOJ changes policy today, but I would expect any gains to be short-lived, and the dollar's uptrend to soon resume.
Junya Tanase
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