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USD/JPY jumps after US March jobs report beats forecasts
The US March jobs report has now been released. The markets were expecting non-farm payrolls to rise by around 200k last month. They have actually risen by 303k. The underlying rate of unemployment has fallen to 3.8%. Average earnings came in line and did fall back to 4.1%. The reaction in the markets have seen the dollar jump higher on this news. The USD/JPY has lifted above 151.60 and the EUR/USD is falling back closer to the 1.0800 handle. This was a much better than forecast outcome for the US jobs outlook
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