Nonfarm Payrolls in US increased 225K in January. Annual wage inflation ticked up to 3.1% in US. US Dollar Index consolidates daily gains above 98.50 after data. The USD/JPY spiked to the 110 mark with the initial market reaction to the Nonfarm Payrolls (NFP) report from the US but struggled to preserve its momentum. As of writing, the pair was trading at 109.80, down 0.18% on a daily basis. USD fails to capitalize on NFP report The US Bureau of Labor Statistics on Friday announced that NFP rose 225,000 in January to beat the market expectation of 160,000 by a wide margin. Additionally, annual wage inflation, as measured by the Average Hourly Earnings, edged higher to 3.1% to come in slightly higher than the analysts’ estimate of 3%. Despite the upbeat data, the US Dollar Index struggled to gain traction but stays in the positive territory above the 98.50 mark. In the meantime, the 10-year US Treasury bond yield is down 2.75% on the day and Wall Street’s main indexes remain on track to open in the negative territory to reflect a sour market mood, which helps the JPY continue to find demand as a safe-haven. Technical levels to watch for 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 XRP Price Analysis: XRP/USD once $0.3000 is achieved the price could fly FX Street 2 years Nonfarm Payrolls in US increased 225K in January. Annual wage inflation ticked up to 3.1% in US. US Dollar Index consolidates daily gains above 98.50 after data. The USD/JPY spiked to the 110 mark with the initial market reaction to the Nonfarm Payrolls (NFP) report from the US but struggled to preserve its momentum. As of writing, the pair was trading at 109.80, down 0.18% on a daily basis. USD fails to capitalize on NFP report The US Bureau of Labor Statistics on Friday announced that NFP rose 225,000 in January to beat the market expectation of 160,000 by a… 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.
