9 Dec 2013
Flash: Yen sell off? - BTMU
FXstreet.com (London) - Strategist, Lee Hardman, at Bank of Tokyo Mitsubishi said the yen has continued to weaken in the Asian trading session following the release of the stronger than expected non-farm payrolls report on Friday.
Key Quotes:
“The report revealed that the US labour market continued to strengthen
supporting investor expectations that the Fed may soon choose to begin to
taper QE at either the 17th-18th December or just more likely 28th-29th
January FOMC meetings”.
“The establishment survey revealed that the US economy added 203k jobs in November compared to an average of 189k jobs/month over the last three months, and 178k jobs/month over the last six months”.
“The household survey also revealed that the unemployment rate dropped more sharply than expected by 0.3 point to 7.0% as the labour force rebounded less strongly than employment following the government shutdown”.
Key Quotes:
“The report revealed that the US labour market continued to strengthen
supporting investor expectations that the Fed may soon choose to begin to
taper QE at either the 17th-18th December or just more likely 28th-29th
January FOMC meetings”.
“The establishment survey revealed that the US economy added 203k jobs in November compared to an average of 189k jobs/month over the last three months, and 178k jobs/month over the last six months”.
“The household survey also revealed that the unemployment rate dropped more sharply than expected by 0.3 point to 7.0% as the labour force rebounded less strongly than employment following the government shutdown”.