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USDJPY Off 100 Week MAVG

The record Current Account deficit weakened the Yen, however the USDJPY pair has not been able to break through the 100 week moving average. A break above the indicator/38.2%/trendline resistance could put 2009 USDJPY levels into play into the new fiscal year in Japan (3/31 year end in Japan).

Aussie Employment Report

The Australian Dollar again has come under some pressure today as it has all week producing weaker than expected economic indicators. Although the rate is as expected the number of jobs created was ~20k less than expected with a softer participation rate. The details of the release are as follows:

  • Employment Change – Survey:5.0k   Actual:-15.4k   Prior:46.3k
  • Unemployment Rate – Survey:5.2%   Actual:5.2%   Prior:5.1%
  • Full Time – Actual:0.0k   Prior:12.3K
  • Part Time – Actual:-15.4K   Prior:34.0K
  • Participation Rate – Survey:65.3%   Actual:65.2%%   Prior:65.3%

Japan’s Q4 GDP

The USDJPY pair momentarily caught a light bid following continued terrible numbers out of Japan, as their economy shrinks and deflates. The details are as follow:

  • GDP Deflator (YoY) – Survey:-1.6%   Actual:-1.8%   Prior:-1.6%
  • Nominal GDP (QoQ) – Survey:-0.3%   Actual:-0.5%   Prior:-0.8%
  • GDP Annualized (YoY) – Survey:-0.6%   Actual:-0.7%   Prior:-2.3%
  • GDP (QoQ) – Survey:-0.2%   Actual:-0.2%   Prior:-0.6%
  • Current Account Total – Survey:-320B   Actual:-437.3B   Prior:303.5B

ADP Employment Stays According to Forecast

ADP Employment Stays According to Forecast

Employment in the US has risen to 216K from a prior number of 170K and a survey of 215K. Revision was stronger coming in at 173K

Feb 2012 vs. Jan 2012
ADP Employment: 110,249 vs 110,033
Level Change: 216 vs 173 
Prev Change: n/a vs 170

Aussie Q4 GDP

The Australian economy expanded at a slower pace than expected in the 4th quarter, pushing the Aussie lower again toward the bottom half of the 1.05 handle.

  • GDP (QoQ) – Survey:0.8%   Actual:0.4%   Prior:1.0%
  • GDP (YoY) – Survey:2.4%  Actual:2.3%   Prior:2.5%
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