Traders are trying to reconcile the big divergence between the very disappointing rise in payrolls with the 0.4% drop in the unemployment rate.
EUR/USD launched to 1.3020 shortly after the number, ws immediately sol into and we now trade at 1.2980/85.
USD/JPY ws knocked briefly below the 83.00 level but has rebounded to 83.30 from 83.70 highs ahead of the data.
All in all, a rather unsatisfying outcome as it is so ambiguous.
My best guess is we get some profit–taking ahead of the weekend on long dollar positions.
