Volatility hits FX majors as markets await BLS adjustment-check out the EUR/USD

The markets are waiting for the US Bureau of Labour statistics to announce a quite important adjustment to US payrolls for the year to date. This data can be important and right now there are a good many rumours circulating that this may be as much as a downside 800k adjustment  or more. Please note that is in no way confirmed here at this stage, but the talk of such an adjustment would seem to be enough to throw up a good deal of two-way price action in the EUR/USD and the USD/JPY. If there is further information on this, then it will be conveyed here. In the meantime, if you are wondering why you are seeing such volatile price action across the major pairs right now, then this might explain it. The EUR/USD is currently trading at 1.1119