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USD/JPY crumbles below 152 after US October payrolls slide to just 12k
The October US jobs report has just been released. Non-farm payrolls were forecast to rise by around 100-115k last month, down form the 254k rise in September. They have actually risen by just 12k . The unemployment rate is unchanged at 4.1% and average annualised wages have risen by 4%, which was also expected. The immediate impact of this news has seen the USD/JPY slide below 152. The dollar was trading around 152.80 before this news broke. There could have seen some Hurricane impacts which helped to deliver this really low number. The USD/JPY is currently trading at 151.97
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