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Initial USD bid on headline NFPs, but big earnings miss sees sharp reversal

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The big wait for payrolls was the usual quiet affair, with some modest upside flow in USD/JPY, trading back up from the low 113.00’s after a nervous dip below Thursday’s lows on comments from BoJ head Kuroda – that further near term ‘easing’ is unlikely. The move ran out of steam ahead of 114.00, but after the headline NFPs printed the above-expected 242k result, we saw a renewed push through the figure but was well contained ahead of yesterday’s highs. Against this, EUR/USD was pushing higher

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