{"id":89395,"date":"2016-05-09T06:07:38","date_gmt":"2016-05-09T10:07:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=89395"},"modified":"2016-05-09T06:07:38","modified_gmt":"2016-05-09T10:07:38","slug":"usdjpy-recovers-after-us-jobs-data-to-rise-back-above-107-yen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/usdjpy-recovers-after-us-jobs-data-to-rise-back-above-107-yen\/","title":{"rendered":"USDJPY recovers after US jobs data to rise back above 107 yen"},"content":{"rendered":"
May 9, 2016<\/div>
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Article by ForexTime<\/a><\/p>\n

The US dollar was up during Asian trading on Monday despite disappointing US nonfarm payrolls data on Friday which further reduced the prospects of a June rate hike by the Federal Reserve. The US jobs report showed a mere 160,000 jobs were created in April, which was below economists\u2019 expectations, and the previous months\u2019 figures were revised lower. The unemployment rate held steady at 5 per cent. However, average hourly earnings rose by 0.3 per cent.<\/p>\n

USDJPY rose 0.2 percent early on Monday to trade at 107.29 yen, continuing its recovery after it initially fell in reaction to the lacklustre jobs report on Friday.<\/p>\n

EURUSD was down 0.1 percent at $1.1398 after after touching $1.1380, its lowest since April 29.<\/p>\n

AUDUSD was little changed at $0.7373 after sliding more than 1 percent on Friday after the country\u2019s central bank slashed its inflation forecasts.<\/p>\n

Oil prices were higher in Asian trade as wildfires blazing across Canada\u2019s top oil-producing province, Alberta, threaten to disrupt supply. Brent crude, the international benchmark, rose as much as 2.5 per cent during Monday trade in Asia to $46.68 a barrel. West Texas Intermediate, the US marker, gained as much as 2.9 per cent to $45.94.<\/p>

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Markets mostly brushed off data out of China that was released over the weekend showing exports and imports declined in April, also coming in worse than economists\u2019 expectations.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The US dollar was up during Asian trading on Monday despite disappointing US nonfarm payrolls data on Friday which further reduced the prospects of a June rate hike by the Federal Reserve. The US jobs report showed a mere 160,000 jobs were created in April, which was below economists\u2019 expectations, and the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89395","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89395"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89395\/revisions"}],"predecessor-version":[{"id":89413,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89395\/revisions\/89413"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}