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7 Nov 2014
USD/JPY unable to rally above 115.30 after NFP
FXStreet (Córdoba) - USD/JPY rebounded sharply from 114.60 and climbed to 115.40 in a few minutes, but it was unable to rally further and lost momentum. The pair was pulling back, trading below 115.00 at the time of writing, 30 pips under the price it had before NFP.
NFP below expectations
According to the US employment report, the economy added 214.000 jobs in October below analysts expectations for an increase of 231.000; the unemployment rate fell from 5.9% to 5.8%. September payrolls were revised from 248.000 to 256.000.
Greenback fell initially, reaching fresh lows across the board but then bounced and recovered, even reaching new high against currencies like the euro and the pound; yen is trading slightly above the level it had before the report in the market as US government bond yields decline.
NFP below expectations
According to the US employment report, the economy added 214.000 jobs in October below analysts expectations for an increase of 231.000; the unemployment rate fell from 5.9% to 5.8%. September payrolls were revised from 248.000 to 256.000.
Greenback fell initially, reaching fresh lows across the board but then bounced and recovered, even reaching new high against currencies like the euro and the pound; yen is trading slightly above the level it had before the report in the market as US government bond yields decline.