9 Dec 2013
Flash: Yen continues to weaken - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen continued to weaken in the Asian trading session following the release of the stronger than expected non-farm payrolls report on Friday.
Key Quotes
“The report revealed that the US labour market continued to strengthen supporting investor expectations that the Fed may soon choose to begin to taper QE at either the 17th-18th December or just more likely 28th-29th January FOMC meetings.”
“The establishment survey revealed that the US economy added 203k jobs in November compared to an average of 189k jobs/month over the last three months, and 178k jobs/month over the last six months.”
“The household survey also revealed that the unemployment rate dropped more sharply than expected by 0.3 point to 7.0% as the labour force rebounded less strongly than employment following the government shutdown.”
Key Quotes
“The report revealed that the US labour market continued to strengthen supporting investor expectations that the Fed may soon choose to begin to taper QE at either the 17th-18th December or just more likely 28th-29th January FOMC meetings.”
“The establishment survey revealed that the US economy added 203k jobs in November compared to an average of 189k jobs/month over the last three months, and 178k jobs/month over the last six months.”
“The household survey also revealed that the unemployment rate dropped more sharply than expected by 0.3 point to 7.0% as the labour force rebounded less strongly than employment following the government shutdown.”