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Eur/Usd came under fresh sell pressure in.....>

FOREX
FOREX: Eur/Usd came under fresh sell pressure in Europe which pressed rate
through
reported demand into $1.1760/50. The pair saw a bit of whiplash as markets
reacted to the lower than forecast average hourly earnings coming in at 0.2% vs
forecast 0.3% and the release of stronger-than-expected US Nonfarm Payrolls
(228k). Rate eventually settled higher around $1.1760. Usd/Jpy was given a boost
in the European morning session as dollar momentum continued. A combination of
firmer UST yields with added support via Gbp/Jpy (Brexit deal to move to next
stage), lifted to Y113.59. Despite the release of stronger-than-expected US
Nonfarm Payrolls the pair touched react lows of Y113.13. The dip attracted fresh
demand interest. Usd/Jpy gained back nearly all of its earlier losses with rate
rising back to Y113.56. Albeit at a slow and jagged pace, Eur/Jpy drifted lower
to Y133.17 in Europe before remaining choppy in early NY as the Non-Farm
Payrolls and Average Hourly Earnings data were released. After reaching day's
lows of Y133.12 the pair rose sharply to intra-day highs of Y133.57 before
fading.

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