6 Feb 2014
USD/JPY surges on positive US jobs momentum
FXStreet (London) - USD/JPY has rallied strongly on reassuring initial jobless claims numbers. While the numbers have no influence on tomorrow’s non-farm payroll statistics, they still give some positive relief to the labour market outlook. Tomorrow’s non-farm payrolls are expected to print at 185k, up from December’s weak 74k result.
Initial claims for state unemployment benefits fell by 20k to a seasonally-adjusted 331k, according to the US labour department. Claims fell further than the consensus expectation of 335k.
US trade deficit widens
The Commerce Department announced that the US trade deficit increased 12 percent to USD38.7bn in December as exports recorded their largest decline since October 2012.
The trade gap rose to USD49.5bn in December from USD45.0bn in November. Exports dropped 1.8 percent to USD191.3 bn. Imports increased by 0.3 percent to USD230.0bn.
USD/JPY rallied strongly from a session low of JPY101.2605, surging to a high of JPY101.9950. The pair is currently trading at JPY101.8675, up 0.38 percent on the session.
Initial claims for state unemployment benefits fell by 20k to a seasonally-adjusted 331k, according to the US labour department. Claims fell further than the consensus expectation of 335k.
US trade deficit widens
The Commerce Department announced that the US trade deficit increased 12 percent to USD38.7bn in December as exports recorded their largest decline since October 2012.
The trade gap rose to USD49.5bn in December from USD45.0bn in November. Exports dropped 1.8 percent to USD191.3 bn. Imports increased by 0.3 percent to USD230.0bn.
USD/JPY rallied strongly from a session low of JPY101.2605, surging to a high of JPY101.9950. The pair is currently trading at JPY101.8675, up 0.38 percent on the session.