USD/JPY retreats from 103.00 after NFP miss

By FXstreet.com | August 01, 2014 AAA

FXStreet (Córdoba) - The USD/JPY came under pressure and pulled back from the 103.00 area to fresh daily lows after the US nonfarm payrolls came in lower than expected.



US economy created 208,000 new jobs in July versus 233,000 expected while the unemployment rate edged higher to 6.2% versus 6.1% expected. However, June gain was revised up to 298,000 vs 288,000 previously estimated.



The USD/JPY fell quickly from a high of 103.00 to a daily low of 102.65 right after data, although the dollar sell-off lacked follow-through. At time of writing, the pair is trading at 102.80, virtually unchanged on the day.



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