Big slip on the NFP figure but impressive improvement/reduction in the unemployment rate – was pretty surprising.
How did you interpret this?
USD bias was Bullish, but disappointing NFP crippled Dollar bullishness. And, JPY was fairly Bearish, however, improved
unemployment suddenly changed it’s bearish outlook into Bullish. This is despite the long term Bearish bias.
Why? I wondered.
Then I understood the connection – improved employment in US is a big push for US to not only be firmer on their…
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