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US yields slip after US payrolls revision-USD/JPY falls, rebounds and falls again
Well, looking further into the latest jobs report we can see that the previous payroll gain of 353,000 was revised down to just 229,000 and that explains the beat in February of 275,000, above the 200k consensus. The immediate reaction to all this sent the USD/JPY down to fresh session lows, at 146.52. It has bounced from there, but there is no getting away from the fact that US yields have fallen back further on this data and that is not supportive of the USD/JPY right now. The immediate rebound off that low in the USD/JPY saw it touch 146.90, but as I write it is tailing off again, currently trading at 146.65 and seems like the knives are still out on this one
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