8:30m (NY Time) US NFP Forecast -56K Previous -20K (Unemployment Rate 9.8%)
ACTION: SELL -120K USD/JPY BUY 20K USD/JPY
We’ll be focusing on the NFP release today, which is expected at -56K with a previous release of -20K; if you remember what happened last NFP, you’d know that the market reacted to the NFP with an initial risk appetite sentiment as the Unemployment Rate went down to 9.7% (10.0% expected), but turned into risk aversion as both benchmark revision and actual release figures brought concerns over the recovery (or lack of) in the job’s market…
