Forex: USD/JPY collapses after worse than expected NFP

 @ibtimes on January 08 2010 8:35 AM

FXstreet.com (Barcelona) - The US employment report has hurt the Dollar in the minutes following the data with the USD/JPY reacting down more than 100 pips just after the December employment report in US. USD/JPY has collapsed from 93.45 to reach intra-day high at 92.30, MA200 periods in hourly chart. Currently the pair is trading around 92.55/65.

NFP has posted a decline of 85.000 in December, well below a decrease of 2.000 expected by market. Unemployment in US has remained unchanged between November and December at 10.0%,

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