Another NFP spurs USD bulls

USDX hit a fresh five-year high and USD/JPY hit fresh seven-year highs at 121.69 as the US jobs market shifted to a higher gear of improvement, bolstering chances of a 2015 Fed rate hike. +321K NFP was the biggest monthly gain since January 2012. With USD/JPY rallying to its highest level since July 2007, the pair draws clear parallels with the heights in global equity markets of seven years ago, but strongly contrasting in terms of global inflation, when oil and the rest of commodities levitated at record highs. Full charts & analysis

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