The US dollar is the star of the show after upbeat jobs numbers, gaining about 50 pips across the board.
Some of the gains are dissipating as analysts poke holes in the report but despite some caveats there is plenty of good news in the report. USD/JPY surged to 103.02 from 102.46 before the report.
A small retracement is underway and the pair was unable to hold Tuesday’s high of 102.78.
USDJPY daily
I like the US dollar on any retracement but I prefer to make the trade via EUR/USD or AUD/USD shorts.
