Only a few pips here or there so far.
Wage pressures modest
Employment growth modest
Labor market tight.
Those are some of the major headlines. The report did harp on tighter labor and hinted of some wage pressure (i.e. growing use of sign on bonuses to attract workers and shortages restraining growth, and scarcity of workers in building, transport, and skilled manufacturing)
The dollars move has been negligible.
The USDJPY moved up to of 112.943 from 112.90. Big deal. The pair remains above the 100 bar MA at 112.856.
The EURUSD reaction was even more subdued - maybe 3 pips. The EURUSD remains below the 200 and 100 hour MAs at 117.93 and 117.954 respectively (currently levels).
The GBPUSD has been a bigger mover. It is up about 12 pips and is now making new session highs at 1.3201. The 200 hour MA at 1.32045 looms above. Yesterday toward the close and in the early Asian session today, that MA stalled the rally (see chart below). In the London morning session, the price moved above on a spike higher, only to tumble back lower.
