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USD/JPY falls to session lows after US unemployment rises and payrolls revision
The US June jobs report has now been released. The number of non-farm payrolls was forecast to rise by 190,000. It has actually risen by 206,000 The prior underlying unemployment rate of 4% has lifted to 4.1%. Annualised average earnings were forecast to drop back to 3.9% from 4.1%. They have matched forecasts. The reaction across the markets has been dovish and that is because the prior reading of non -farm payrolls has been revised lower, to 218,000 from 272,000. The dollar has shunted lower on this news. The USD/JPY has fallen to a fresh session low at 160.35. It was trading above 160.85 ahead of the report. It is just now rebounding to 160.60
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