Well it should be no surprise to anyone that the Non- Farm Payroll in the U.S. was a beat. The Fed is going to use this as evidence to push the rate rise by mid year. I will be watching to see how things go next week but I would expect the $USD to firm more now as speculators position for a rate rise.
U.S. bonds were slammed on the NFP number announcement as yields rose in anticipation of the potential rate rise. The $USD was up and the Japanese yen should move lower in the week ahead as well.
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