The 215K rise in private payrolls in November is the largest in one year. In addition, the October report was revised to 184K from 130K.
The US dollar kicked higher on the report, sending USDJPY to 102.60 from 102.30 and similar 30-pip jumps across the board but the moves have mostly retraced.
Later today, at 1500 GMT we get the ISM non-manufacturing data and it`s equally, if not more important in determining when a taper will come. The move in the market would be more convincing if not for the risk of a disappointing ISM.
The kicker so far is that stocks don`t like the strong jobs number because it could signal then end of cheap money. S&P 500 futures are down 5 points to 1786.
