USD/JPY spikes higher by over half a percent in the minutes following the release of US Nonfarm Payrolls (NFP) data, on Friday.
USD/JPY shoots over half a percent higher following higher-than-expected US payrolls data for May. The data also showed a greater-than-experienced increase in wages although unemployment unexpectedly rose. The data contrasts with Japanese real wages which fell for the 25th straight month in April. USD/JPY spikes higher by over half a percent in the minutes following the release of US Nonfarm Payrolls data, on Friday.
USD/JPY further propelled by contrast with Japanese wage data USD/JPY’s strong move up following the NFP data may be exaggerated because it follows two negative minor US employment reports earlier in the week and because of the contrast with similar data from Japan. Real wages in Japan declined for the 25th straight month in April, as domestic inflation continued to outpace wage growth. The data makes it harder for the Bank of Japan to normalize its monetary policy.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US May Nonfarm Payrolls Preview: Analyzing Gold price reaction to NFP surprisesHistorically, how impactful has the US jobs report been on gold’s valuation? In this article, we present results from a study in which we analyzed the XAU/USD pair's reaction to the previous 35 NFP prints*.
Read more »
US stock futures steady with nonfarm payrolls in focus, Gamestop surgesUS stock futures steady with nonfarm payrolls in focus, Gamestop surges
Read more »
Asian stocks tread water as nonfarm payrolls approach; RBI decision awaitedAsian stocks tread water as nonfarm payrolls approach; RBI decision awaited
Read more »
Nonfarm Payrolls growth expected to pick up slightly in MayThe United States (US) will release the May Nonfarm Payrolls (NFP) report on Friday at 12:30 GMT.
Read more »
Live Coverage: Nonfarm Payrolls promise explosive action in Gold, US Dollar, StocksNonfarm Payrolls have the answer to how cool the US labor market has become, reshaping expectations for interest rates and rocking markets.
Read more »
Nonfarm payrolls, Nvidia, GameStop - what's moving marketsNonfarm payrolls, Nvidia, GameStop - what's moving markets
Read more »