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USD/JPY: It’s not all NFP’s – TDS

FXStreet (Guatemala) - Analysts at TD Securities the conditions surrounding the Yen and despite todays rally, we are reminded that there are other fundamentals in the mix.

Key Quotes:

“Comments by BoJ Governor Kuroda noting that a weak JPY was an overall positive for the economy and a proposal by PM Abe to press large firms to pass on the benefits of yen depreciation to smaller firms reinforced the USD move”.

Wall Street jumps on upbeat jobs report

The US stocks market jumped on Friday as investors welcomed upbeat nonfarm payrolls number as well as unexpected decline in the unemployment report. However, market players dismissed participation rate that declined to lows since 1978.
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Session recap: Non Farm Payrolls wrap up the week

The greenback retains the top spot yet again, with Non Farm Payrolls this time the catalyst for a higher dollar. The currency was relentless and punished majors across the board. US nonfarm payrolls rose to 248,000 and the unemployment rate came in falling to 5.9%.
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