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Non-Farm Payrolls fell by 663K . Immediately after the release, USD/JPY leaped over 100, adding another digit and leaving dust behind it. The European currencies are gaining against the dollar. Risk appetite is getting very strong!

Non-Farm Payrolls fell a little bit more than expected, but not too bad. Early expectations were for a fall of 659K jobs. So, the figure is within expectations. Also Unemployment Rate, which disappointed expectations recently, was exactly within expectations, rising to 8.5%.

Immediately after the release, USD/JPY jumped over 100. It was long awaited. Although the pair flirted with the 100 mark during the night and the day, it stayed there only for short periods. This time, the rise is strong and significant.

Risk appetite is back: the G20 summit brings new hope and American Unemployment is getting better. There is a light at the end of the tunnel. This also sends money into the Euro and the British Pound. Both currencies, which are associated with risk appetite, are gaining nicely after the release.

As it happens lately, when the dollar weakens against the European currencies, the Yen weakens even more. This Dollar Yen currency correlation dominated the markets this week, and it happens also now, with the Non-Farm Employment Change.

This post will be updated later.