Payrolls: The risk is all to the upside

Author: Jamie Coleman | Category: News

The major risk today is for US payrolls to be stronger than expected. In the aftermath of Hurricane Sandy, the market is primed for a weak report. Reaction to a weak report is likely to be muted, as a result. The risk is that we get a firmer number. The market is not positioned for that outcome.

If we do get a solid report, buying USD/JPY for a quick pop is the play of the day.