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Forex: GBP/JPY heads south post NFP boom

GBP/JPY has rapidly climbed since yesterday morning from 140.60 to 144.16 this morning ahead of today´s NFPs.

However, following astounding NFP and unemployment figures (265k/160k & 7.7%/7.9% respectively), the pair shot high to post a new high at 144.68, a high since January 2009 nonetheless, before sharply declining to where it is currently trading at 143.56, just above the hourly 610 MA at 143.47. Hourly RSI had previously been touching overbought territory at 80 and has since declined sharply to 63.

Canada: Unemployment remained at 7.0% in February

The Canadian jobless rate during February matched January’s at 7.0, bettering estimates at 7.1%....
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Forex: EUR/USD hits fresh 3-month low

As the dollar continues to strengthen in the wake of an impressive US jobs report, EUR/USD was dragged below the 1.3000 mark in recent dealings toward a fresh 3-month low.
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