XE Market Analysis: Asia – Oct 06, 2017

The dollar popped higher following the negative NFP print of the September jobs report, though hurricane disruptions were widely anticipated to impact. Upbeat details, such as a surge in hourly earnings, a bump up in the participation rate, and a drop in the unemployment rate to a trend low 4.2% came to the greenback’s aid. EUR-USD fell from 1.1715 to trend lows of 1.1670 after the data, though later made its way to 1.1738 highs into the London close, as short covering set in prior to the weekend. USD-JPY managed near three month highs of 113.31, but fell back to 112.64 lows on reports N.