Strong job figures will surely reinforce the view the U.S. economy remains robust enough for the Fed to head for further rate increases. The dollar will be strong.

Some investors are worrying about the slowdown in the housing market, a key driver of the U.S. economy. The abrupt slowdown in the housing market could lead to a loss of consumer confidence and a decline in assets, which makes investors cautious about buying the dollar.

Strong figures will certainly re-ignite expectations of further Fed rate hikes.

The end of quantitative easing is not positive for the yen at all, and the market is likely to find out in coming weeks time after having already bought the yen.

Politicians' remarks opposing a policy shift have reduced expectations of an early end to the deflation-fighting policy and raised concern over the independence of the central bank. It also harms the government's credibility; It's yen negative.

Unlike past national elections, it seems swing voters in urban areas are supporting the LDP this time.