News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • DoJ are reportedly examining if Tether misled banks about Crypto business
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.64%, while traders in Wall Street are at opposite extremes with 72.03%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open! -
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.33% 🇯🇵JPY: 0.19% 🇪🇺EUR: 0.13% 🇳🇿NZD: 0.05% 🇨🇦CAD: 0.04% 🇦🇺AUD: -0.05% View the performance of all markets via
  • Weekly Strategy Webinar starting in 15mins on DailyFX!!
  • Please join @MBForex at 8:30 EST/12:30 GMT for your weekly scalping webinar. Register here:
  • BoE's Vlieghe reiterates view that inflation peak is likely temporary $GBP
  • Goldman Sachs lowers Q3 US GDP forecast to 8.5% from 9.5%
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min)
Forex News: USD/JPY Surges to New Highs as November NFPs Beat Big

Forex News: USD/JPY Surges to New Highs as November NFPs Beat Big

Christopher Vecchio, CFA, Senior Strategist

THE TAKEAWAY: USD Change in Nonfarm Payrolls > +146K versus +85K expected, from +138K (revised from +171K) > USD Unemployment Rate > 7.7% versus 7.9% expected, from 7.9% > USD/JPY BULLISH

It seems that the concerns over the potential impact Hurricane Sandy may have had on the US labor market were overblown. The US labor market added +146K jobs in November, well-above the +85K forecasted by economists polled by Bloomberg News. Private Payrolls accounted for nearly the entire gain at +147K, a welcomed development. But the Nonfarm Payrolls report was not roundly strong: the October figure was revised lower from +171K to +138K. If Hurricane Sandy’s impact was seen anywhere, it may have best been reflected in the Unemployment Rate, which dropped to 7.7% from 7.9% amid a declining participation rate, which remains at multi-decade lows.

USD/JPY 1-minute Chart: December 7, 2012

Forex_News_USDJPY_Surges_to_New_Highs_as_November_NFPs_Beat_Big__body_Picture_1.png, Forex News: USD/JPY Surges to New Highs as November NFPs Beat Big

Charts Created using Marketscope – Prepared by Christopher Vecchio

Following the releases, the USD/JPY rallied from 82.28 to as high as 82.82 within 15-minutes of the release. The pair did pullback, however, and was trading at 82.64, at the time this report was written.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.