The dollar likes the report and the price action prior to it suggests that some in the market may have been fearing a worse number. The higher revision and drop in unemployment rate taking the rate to 1 pip away from the Fed’s rule-of-thumb 5.5% full employment number is overriding the stinky wage numbers right now.
Off we go on the way to 120.00 with the first hurdle being the overnight highs at 119.88. I’m tempted to dip my toe but might be greedy and wait to see if the market want’s a look at 120.00. At the moment we’re pulling up at 119.79
USD/JPY H4 chart 09 01 2015
