4 Sep 2015
USD/JPY wavers after US nonfarm payrolls
FXStreet (Córdoba) - USD/JPY oscillated sharply in the minutes that followed the release of the so-awaited US employment report, which showed US economy created fewer jobs than expected in August.
US nonfarm payrolls came in at 173K in August down from 245K the previous month and below the 220K expected. The unemployment rate edged down to 5.1% versus 5.2% expected.
USD/JPY reacted negatively and hit a low of 118.60 before quickly bouncing to 119.61 only to return to the 119.00 zone. At time of writing, the pair is trading at 119.07, still 0.81% below its opening price.
US nonfarm payrolls came in at 173K in August down from 245K the previous month and below the 220K expected. The unemployment rate edged down to 5.1% versus 5.2% expected.
USD/JPY reacted negatively and hit a low of 118.60 before quickly bouncing to 119.61 only to return to the 119.00 zone. At time of writing, the pair is trading at 119.07, still 0.81% below its opening price.