Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
7 Feb 2020

USD/JPY spikes to 110 after stong NFP reading

  • Nonfarm Payrolls in US increased 225K in January.
  • Annual wage inflation ticked up to 3.1% in US.
  • US Dollar Index consolidates daily gains above 98.50 after data.

The USD/JPY spiked to the 110 mark with the initial market reaction to the Nonfarm Payrolls (NFP) report from the US but struggled to preserve its momentum. As of writing, the pair was trading at 109.80, down 0.18% on a daily basis.

USD fails to capitalize on NFP report

The US Bureau of Labor Statistics on Friday announced that NFP rose 225,000 in January to beat the market expectation of 160,000 by a wide margin. Additionally, annual wage inflation, as measured by the Average Hourly Earnings, edged higher to 3.1% to come in slightly higher than the analysts' estimate of 3%.

Despite the upbeat data, the US Dollar Index struggled to gain traction but stays in the positive territory above the 98.50 mark.

In the meantime, the 10-year US Treasury bond yield is down 2.75% on the day and Wall Street's main indexes remain on track to open in the negative territory to reflect a sour market mood, which helps the JPY continue to find demand as a safe-haven.

Technical levels to watch for

 

Feb 7, 2020

Canada: Unemployment Rate edged lower to 5.5% in January vs. 5.6% expected

The data published by Statistics Canada on Friday showed that the Unemployment Rate in Canada fell to 5.5% in January from 5.6% in December to beat th
Read more Previous
Feb 7, 2020

Czech Republic: CNB mulled its rate rise decision – Rabobank

The Czech National Bank (CNB) increased its policy rate as its seen to be one the most hawkish central banks. Economists at Rabobank reviews the move
Read more Next