Close to expectations; not sure what USD/JPY doesn’t like

View Comments

Payrolls were almost spot on expectations though there were large upward revisions to November and December.

USD/JPY is showing the most reaction, presumably reacting to the uptick in the unemployment rate to 7.9% which leaves the Fed on cruise control, buying $85 bln in Treasuries from here to eternity. And that ain’t exactly a surprise…

91.85 is near-term support in USD/JPY.

4 Comments

  1. Probably just following the treasury move..

  2. … And you are naming just one of the reasons I dislike trading the NFP: you never know which is the loser until Mr Market finds a direction… after FED QE infinity you never know if good news are really good news and vice – versa, and today’s NFP is a good number and higher revisions add to it. Anyway I’m long from few days ago on NZDUSD and S&P500… But closed long EUR positions just before the outcome. Have a nice day.

  3. It´s called profit taking….

  4. Not sure it’s profit taking, in fact stock futures and bonds are both going up.

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.