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5 Apr 2013
Forex: GBP/JPY in 215 pip move on US NFP report
FXstreet.com (Barcelona) - The US nonfarm payroll report also had an impact on the GBP/JPY, mainly by reaction of the Yen. The moment it was published, the cross spiked lower by 65 pips to the 146.00 mark, but then it climbed the chart and peaked to 148.15 high.
The March NFP came in much lower than the expected 200K, pointing to 88K added jobs. However, the February data was revised higher, from 236K to 268K. US average hourly earnings came in at 0.0% (consensus of 0.2%) and average weekly hours at 34.6 (consensus of 34.5). The unemployment rate in the US dropped unexpectedly from 7.7% to 7.6% in March. The US trade deficit narrowed from $-44.45B to $-43.00B (consensus of $-44.60B).
In the UK, Halifax house prices came in at 0.2% (MoM) and 1.1% (YoY) as expected in March, from 0.5% and 1.9%, respectively. Japan’s leading economic index in February rose from 95.0 to 97.5, while the coincident index came in higher from 91.6 to 92.1.
Mataf.net analysts point to resistance at 148.90, while supports are at 145.95, 144.60 and 143.55.
The March NFP came in much lower than the expected 200K, pointing to 88K added jobs. However, the February data was revised higher, from 236K to 268K. US average hourly earnings came in at 0.0% (consensus of 0.2%) and average weekly hours at 34.6 (consensus of 34.5). The unemployment rate in the US dropped unexpectedly from 7.7% to 7.6% in March. The US trade deficit narrowed from $-44.45B to $-43.00B (consensus of $-44.60B).
In the UK, Halifax house prices came in at 0.2% (MoM) and 1.1% (YoY) as expected in March, from 0.5% and 1.9%, respectively. Japan’s leading economic index in February rose from 95.0 to 97.5, while the coincident index came in higher from 91.6 to 92.1.
Mataf.net analysts point to resistance at 148.90, while supports are at 145.95, 144.60 and 143.55.