It is remarkable how one economic figure can move a currency pair this much. USD/JPY has seen a significant correction since the release of a shockingly low non-farm payroll (NFP) number at 74,000 last Friday. Prior to the announcement, the dollar enjoyed strength compared to other currencies indicating that the market expected a better than expected NFP release around the 200,000 mark– something everyone had got used to seeing in recent months. However, the clear gap between the expected number and reality has shaken this currency. Since the high of 105.30, the market has lost around 230 pips before finding some ... (full story)