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Forex Flash: Australian jobs may partly reflect sampling error - NAB

Despite Australia’s upbeat jobs figures, largest monthly increase since July 2000, the NAB team notes that "other indicators of labour demand, including job vacancies and our own NAB employment series, the rise may at least partly reflect sampling error; we still expect unemployment, steady at 5.4% to rise ahead."

"The RBA’ Christopher Kent was reported as suggesting the strength of the jobs number may have been a statistical aberration overnight, while talking up prospects for housing construction ahead. Today we expect a more subdued AUD market, after yesterday’s excitement, with likely profit taking (it is Friday) but a bid tone remaining" NAB adds.

Forex: USD/JPY hanging around 96 round post-BoJ nominees voting

USD/JPY keeps glued so far to the 96.00 round level since week started, last at 96.03, off session highs at 96.26, following the Japanese upper house voting yes for all three BoJ nominees. “Still talk in the markets of an ‘emergency’ BOJ meeting sometime next week. Seems unlikely, but can’t be ruled out,” said ForexLive editor Eamonn Sheridan once the nominees have been confirmed. Nikkei index trades above the 11400 points mark, up +0.64% for the day so far.
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Forex Flash: All market themes point to US Dollar strength - Societe Generale

According to Sebastien Galy, the FX markets are now under the influence of a three themes: "the American economic revival, diverging monetary policy expectations and the (unfinished) euro area (EA) crisis."
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