The US job openings report showed a record-high figure, which resulted in the instant advance of the USD/JPY currency pair. Strong figures supported the appreciation of the Greenback against the Yen, which marked a 0.04% increase to be seen trading above the 110.40 level. The Labour Department released its Job Openings and Labour Turnover Survey, or JOLTS, which revealed that the number of job openings jumped 461K to a seasonally adjusted 6.16M, following the preceding month’s upwardly revised figure of 5.70M. The better-than-expected data bolstered optimism over the future of the labour market, as the gap between hiring and job openings indicated qualified workers’ shortages, which would sustain upward pressure on pay growth.
