Trade of the Day: USD/JPY

Date: 3th July 2014

USD JPY currencyNon- Farm Payrolls Report ( NFP )

Today we have the arrival of the Non-Farm Payrolls report. Apparently the greatest occasion on the schedule, this pointer denote the level of new occupation creation in the U.S. We have seen some empowering comes about as of late in private area vocation however with the NFP holding the more unstable, non-cyclical open part/legislative employments, results can astonish. In any case, desires are that the result today will be sure.

NFP event:  12.30 GMT

ADP Private Payrolls essentially overwhelmed desires, posting a figure of 281,000 new employments, up from 179,000 last month.

Purchaser trust climbed by 2.2 focuses in June and customer certainty and positive work information have a tendency to concur.

The U.s. unemployment rate is situated to stay at 6.3%.

Some blended brings about the Manufacturing segment cast some uncertainty, with ISM PMI dipping marginally from 55.4 to 55.3 and whilst the livelihood file in Philly Fed list rose, it succumbed to the Empire State index.

Yet, there is some good faith that factory payrolls will have expanded for June and the accord figure for NFP payrolls today is 214,000 new occupations.

The analysts of BancdeBinary   anticipate that NFP will be positive today for the US so they recommend a CALL position in the USD/JPY.

John was born in Wollongong (NSW ) and studied at The London School of Economics ( England, UK ). Currently he lives in Sydney ( NSW ) and he works as financial market analyst.

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John Walker

Financial Analyst at Clicking Media Group
John was born in Wollongong (NSW ) and studied at The London School of Economics ( England, UK ). Currently he lives in Sydney ( NSW ) and he works as financial market analyst.
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