The market has flatlined this week but that will change at the bottom of the hour when the jobs numbers come out.
There will be the usual knee-jerk reaction but look for less of a risk on/off trade and more of a pure USD trade. The taper is at the top of the market’s mind and the market thinks it’s been placed on hiatus until March. A great number could change that while a solid one could chip away.
USD/JPY has been finding it easier to rally and has climbed above the 55-day moving average today, so that’s probably the place to focus your arsenal.
Apprehended on their way to trade NFP
