USD/JPY Looks Bullish Again After a Strong NFP Jobs Report

From fxpips.com

Today, the NFP report came in stronger than expected. It showed that 257K jobs were added to the economy in January, surpassing the forecast for a reading around 236K. The December reading was revised up to 329K from 252K. The report said that November’s reading was revised up to 423K. This makes a very strong 3-month period, supporting FOMC ‘s schedule of a rate cut in mid-2015.  (NFP report from the BLS). The unemployment rate did edge higher to 5.7% from 5.6%. The good thing is, there was a 0.2% increase in the participation rate to 69.2%, which means more people are returning and entering the ... (full story)