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Tapering Unweathered by NFP

by Ashraf Laidi
Feb 7, 2014 15:23

Weather was no factor. The 113K in Jan NFP and lowest unemp rate since Oct 2008 will not dissuade Fed ChairYellen from making a hawkish testimony at her Congressional appearance next week, supporting the case for further tapering in monthly asset purchases. This explains the hammer formation in Weekly USDJPY and 10 yr yields. Full Charts & Analysis

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Tapering Unweathered by NFP - Usdjpy Yields Jan 7 (Chart 1)

 
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