EUR/JPY: Another All-Time High

Today's influential jobs report was just unveiled, showing 121,000 new jobs created in June, with the employment rate remaining unchanged at 4.6%. Hourly earnings rose a higher than expected .5%. While far below expectations, the number is an improvement of May's revised 92,000 (previous 75,000). Thus far, the market reaction has been to sell Dollars. In the absence of a blockbuster jobs number, it seems that the market's first reaction was to factor a higher likelihood of a Fed pause. Read More....