By Randolph Donney — Sep 01 - 01:50 PM
Wild post-jobs report dive to 144.44 and rise to 146.30 so far on EBS
Lows right by half of Aug's advance and near last week's lows
And prices unable to close below the pivotal 21-DMA at 145.21 last
Big drop then rebound in Tsy yields led the wild price swings
A close above Thur and Wed's 146.23/53 highs would eye the 147.375 peak
Something for everyone in Aug US jobs report, but PMI, ISM beat forecast
And Fed's Mester noted the labor market remains strong
No sign Japanese officials are looking to fight yen weakness near here
Focus next week is on ISM service, then CPI following week pre-Fed
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary