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USD/JPY rises after BLS adjustment confirmed
The news that the US BLS have now adjusted lower the number of payrolls in the year to date, by more than 800k has seemingly exactly had the reaction one might think. The markets were expecting a downward revision of around 190k. The actual number is 818k and that is huge. It seems the US stock markets do not quite know how to digest this number either. The dollar has not fallen either. In fact the USD/JPY has bounced back above 146 again. Granted it did fall towards 145.50 as the rumours of this data circulated and perhaps this is just a latent, inverse reaction to what was already seemingly in the market? That said this is not a positive set of data for the dollar. The USD/JPY is currently trading at 146.05
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