The reason for the quick spike up on eur/jpy and gbp/jpy and...

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    The reason for the quick spike up on eur/jpy and gbp/jpy and then down was firsty unemployment rate was forecast at 9.7 and came in at 9.5 and the forecast number for jobs was -75 and this came in at -125 or 50 k worse which means the market liked the 0.2 devation on the lower unemployent rate and then a quick spike down on a 50k worse than expected trigger..Seen this all before and have traded this report for years.. Might see the dow in the red at open due to the more important number of the two which is the jobs numbers.Hope it finishes in the green will see what happens.Anyhow managed to pick up 35 pips always enjoy these trades.
 
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