Furthermore, both November and December jobs growth were revised higher by 60K, and the unemployment rate fell to 8.3%, the lowest reading for nearly three years. Of course, for some this sits uncomfortably with the Fed’s pledge to keep rates close to zero for nearly the next three years. Video:

Meanwhile, government consumption took nearly 1% from headline growth, with net exports also detracting, although only a small 0.1% negative contribution. The extent of the inventory correction and (less so) disappointment with the level of consumption suggests that the US will struggle to maintain this level of output in the first quarter.

This triggers a rise in USD/JPY. EUR/USD cannot cheer up by this risk-appetite figure and remains depressed. Update: EUR/USD ticks down.

Early expectations stood on a rise to 53.3 points from 52.7 points initially reported for November. The New Orders component ticked up to 57.6 points, production rose to 59.9 and inventories are now contracting at a faster pace: the score is 47.1.

Here are all the details and 5 possible outcome for USD/JPY.

The most volatile currency pairs had quite a limited net movement, while the slower moving and sometimes frustrating pairs scored made bigger gains. This is how it looks:

Here are all the details, and 5 possible outcomes for USD/JPY.

Here are all the details, and 5 possible outcomes for USD/JPY.

John Kicklighter of DailyFX discusses the crisis, the US economy, the status of safe haven currencies and more in the interview below.

 Here are all the details, and 5 possible outcomes for USD/JPY.