NFP results: USD/JPY up, gold down

NFP results: USD/JPY up, gold down

The US labor statistics just reported: Nonfarm Payrolls are 2.5M against -7.5M expected and -20.5M in April; Unemployment Rate is 13.3% against 19% expected and 14.7% in April; Average Weekly Hours are 34.7 against the 34.3 in the previous month. Apparently, the street is sunny again!

As a direct reaction to this news, the USD/JPY immediately went up above 109.00 now having the March highs as the closest target. On the other side, gold was sent down to face April lows ahead in the downside. An interesting layout - make your trades on this optimistic report and watch out for correction!


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