Fundamental Analysis




Fundamental Analysis

USD/JPY: Nonfarm Productivity
Thu, 10 Aug 2017 07:44:44 GMT
Source: Dukascopy Bank SA
 

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%

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