US Non-Farm Payrolls

Once a super hot, big mover this data is not so much in focus now. However it is still some of the most important data the US publishes and IF, and that's a BIG if, the key important components deviate harmoniously without a conflict. Then we can expect a sustained move in many FX pairs. I concentrate on USDJPY, the liquidity is good, and spreads small.
Last month we got some small deviations but still USDJPY produced 15 safe pips.
The move wasn't too violent, and the fills would have been good.

See Charts Here -->
https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=28009&params=aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTI4MDA5O3Q9MjAyMS0wMi0wNSUyMDEzOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ..

In January 2021 we have a very good example of why the data must deviate harmoniously without any substantial conflicts. We had a large -211 deviation from the headline number, but we also got a small Unemployment conflict along with some rather large conflicts from "Average Earnings", which is an inflationary number. The move was a deadly mess! Wouldn't have wanted to be in the market on that one!

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https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=26090&params=aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtpPTI2MDkwO3Q9MjAyMS0wMS0wODtyPU0x

Trade Plan,
IF we get a sizeable deviation from "Nonfarm Payrolls" of more than 100+- AND Unemployment doesn't conflict then we can look to enter the market, and hope for a sustained move. I would watch for any big deviations from Average earnings that conflict, anything more than 0.4+- would call in to question if the move will be long lasting.


Linkback: https://www.forex.zone/fundamental/12/us-non-farm-payrolls/3261/

Yesterday, the results of the release of NFP data were beyond expectations, so the USD weakened. US Non-Farm Payrolls added 559,000 jobs in May, boosted by more widespread implementation of the COVID-19 vaccine. Although higher than the previous 278,000 jobs, it fell short of the consensus expectation of 650,000. At the same time, the US Unemployment Rate reportedly fell from 6.1% to 5.8% in May. This level is slightly better than expected. Meanwhile, the monthly Average Hourly Earning fell from 0.7% to 0.5 percent.