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8 May 2015
USD/JPY falls after US nonfarm payrolls
FXStreet (Córdoba) - USD/JPY pulled back from highs and dipped below 120.00 after the US nonfarm payrolls report showed job creation was slightly below forecast and March figures were revised down.
The US economy added 223,000 new jobs in April, slightly below the 224,000 expected. However, the weak March print was downwardly revised to only 85,000 from 126,000 previously estimated. The unemployment rate edged down to 5.4% from 5.5% the previous month.
USD/JPY fell more than 60 pips as the knee-jerk reaction and hit a session low of 119.60, although it quickly bounced toward the 119.90 zone, where it trades up 0.15% on the day.
The US economy added 223,000 new jobs in April, slightly below the 224,000 expected. However, the weak March print was downwardly revised to only 85,000 from 126,000 previously estimated. The unemployment rate edged down to 5.4% from 5.5% the previous month.
USD/JPY fell more than 60 pips as the knee-jerk reaction and hit a session low of 119.60, although it quickly bounced toward the 119.90 zone, where it trades up 0.15% on the day.