The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair. The Greenback appreciated against the Yen by 0.07% to be seen trading above the 109.69 level after data were published. The Labour Department showed that the nonfarm productivity rose at a 0.9% annual growth pace in the June quarter, above expectations for a 0.7% rise. Experts suggested that an upward move was supported by higher volume of hours worked, but the overall trend was seen weak, raising doubts that the robust US economic growth nearing 3% year-over-year would be achieved even despite Trump's tax cuts, regulatory rollbacks and higher infrastructure spending.
| Historical Data Table | |||||
| Date | 09.08.2016 | 03.10.2016 | 02.02.2017 | 04.05.2017 | 09.08.2017 |
| Actual | -0.50% | 3.10% | 1.30% | -0.60% | 0.90% |
| Forecast | 0.50% | 1.70% | 1.00% | 0.10% | 0.70% |
| Initial Reaction on Main Pairs | |||||
| Open Price | Close Price | % Change | |||
| AUD/USD | 0.78912 | 0.78884 | -0.04% | ||
| USD/CHF | 0.96209 | 0.9622 | 0.01% | ||
| USD/JPY | 109.623 | 109.697 | 0.07% | ||
| NZD/USD | 0.73339 | 0.73327 | -0.02% | ||