AUD/JPY jumps to a session high of 76.78 after Aussie data. Australia’s jobless rate unexpectedly fell in August while participation rate ticked higher. The economy added more than 100K jobs, validating RBA’s wait-and-watch approach. The buying pressure around the AUD/JPY pair has strengthened on strong Australian labor market report. The data released at 01:30 GMT showed Australia’s jobless rate fell to 6.8% in August from July’s 7.5%, beating the expected rise to 7.7% by a big margin. More importantly, the unemployment rate ticked lower, even as the participation rate increased to 64.8% from 64.7%. The economy added 111K jobs in August versus expectations for 50K job losses and 114.7K additions in July. However, the majority of job additions came through part-time work. The number of part-time jobs rose by 74.8K and full-time jobs increased by 36.2K. Markets, however, are currently focusing on the unexpected decline in the jobless rate. The AUD/JPY pair jumped from 76.47 to 76.78 following the employment report’s release and is currently trading near 76.72, representing a 0.10% gain on the day. Further gains cannot be ruled out as the data validates the Reserve Bank of Australia’s wait and watch approach. In other words, the central bank has little reason to cut rates to a new record low of 0.1% from 0.25% in the short-term. That said, the futures on the S&P 500are currently down 0.17%. If the risk aversion worsens, the Japanese yen may draw bids, pushing AUD/JPY lower. Traders, therefore, need to keep an eye on the broader market sentiment. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD drops 0.5% on dollar strength FX Street 2 years AUD/JPY jumps to a session high of 76.78 after Aussie data. Australia's jobless rate unexpectedly fell in August while participation rate ticked higher. The economy added more than 100K jobs, validating RBA's wait-and-watch approach. The buying pressure around the AUD/JPY pair has strengthened on strong Australian labor market report. The data released at 01:30 GMT showed Australia's jobless rate fell to 6.8% in August from July's 7.5%, beating the expected rise to 7.7% by a big margin. More importantly, the unemployment rate ticked lower, even as the participation rate increased to 64.8% from 64.7%. The economy added 111K jobs in August… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.