January non-farm payrolls are expected to rise 160K after a 155K rise in December.Estimates range from 115K to 230K so use that as a guide for what is a major miss.
It’s the first month of the year so we also get benchmark revisions for last year. The unemployment rate is expected to remain at 7.8%.
We had the ForexLive pre-NFP breakfast and are ready for some trading action.
The USD/JPY reaction will be straightforward and likely break through 92.30 on any NFP strength. The euro is likely to fall on a good number.
