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USD/JPY adds 25 pips or so in the.....>

US DATA REACT
US DATA REACT: USD/JPY adds 25 pips or so in the wake of a historic US jobs
report, although topline data possibly slightly better than median expectations.
The headline change was expectedly a historic decline (-20.5mln), but slightly
higher than forecast.
- Average Hourly Earnings looks anomalous, with earnings surging 4.7% on the
month - but explained away as lower wage disproportionately laid off in the wake
of the Coronavirus crisis shutdown.
- Net positive for equities, with e-mini S&P inching back toward (but not quite
topping) the overnight highs of 2923.
- US 10y yields hitting session highs, but still well below yesterday's highs,
in response.

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