{"id":8117,"date":"2010-03-31T09:20:31","date_gmt":"2010-03-31T13:20:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8117"},"modified":"2010-03-31T09:20:31","modified_gmt":"2010-03-31T13:20:31","slug":"u-s-non-farm-payrolls-on-tap","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/31\/u-s-non-farm-payrolls-on-tap\/","title":{"rendered":"U.S Non-Farm Payrolls on Tap"},"content":{"rendered":"<p><strong>By Rita Ruvinski<\/strong> &#8211; The U.S currency hit a 3 month high against the Japanese yen on  Wednesday as strong dollar demand from Japanese importers for financial  year-end book closing triggered widespread buying. Analysts  said that USD\/JPY may extend its rising momentum if it manages to rise  above 93 yen, which would make charts look attractive for market players  to chase the dollar higher.<\/p>\n<p>Against the European currency the greenback weakened to $1.3460 but  still remained near 10-month high on concerns over euro zone fiscal and  economic health. Signs of improvement in the U.S. economy and continuing  fiscal problems in the euro zone are likely to keep the EUR subdued in  the near term against the greenback.<\/p>\n<p>Ahead of the highly anticipated U.S. nonfarm payrolls data due out on  Friday, traders will watch the private sector ADP jobs report for March  due at 12:15 GMT, with forecasts 40,000 jobs were created against  20,000 lost in February. If the forecasts prove accurate traders should  start readying themselves for some strong gains as the U.S dollar may  continue rising in the coming days.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex         Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and         may not be suitable for all investors. There is a possibility   that     you   could sustain a loss of all of your investment and   therefore  you     should  not invest money that you cannot afford to   lose. You  should  be    aware of  all the risks associated with Foreign   Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rita Ruvinski &#8211; The U.S currency hit a 3 month high against the Japanese yen on Wednesday as strong dollar demand from Japanese importers for financial year-end book closing triggered widespread buying. Analysts said that USD\/JPY may extend its rising momentum if it manages to rise above 93 yen, which would make charts look &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/31\/u-s-non-farm-payrolls-on-tap\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S Non-Farm Payrolls on Tap&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8117","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8117"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8117\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}