AUD/USD and AUD/JPY get a boost from full time jobs data

Earlier today the latest monthly jobs report from Australia was well received by the markets. The fact that the latest jobs report showed an increase in the unemployment rate (from 4.1% to 4.2%) did not seem to matter because payrolls jumped by 58.2k, where only a 20k increase was forecast and that gain was all due to an increase in full-time jobs. It seems pointless to try and square the circle on that divergence between rising unemployment and higher payrolls, so no attempt will be made here on that. Besides, the markets have taken out of this what they want and that has helped the AUD/USD and AUD/JPY rise so far today, but not before they initially fell back on the data. The AUD/USD traded to a low at 0.6571, from a US close at 0.6598. It has since pushed to a high at 0.6627 and that move has also further underpinned the AUD/NZD. The rebound in the AUD/USD has also taken it back above its 200 day moving average (now in place at 0.6601). The AUD/USD is currently trading at 0.6622