US Non-Farm Employment Change

8:30 AM EDT

US Non-Farm Employment Change – Change in the number of employed people for the previous month, excluding the farming industry.

EUR/JPY

Well, here we are again. If you like wild rides, this is the trade for you.
You might also consider trying the USD/JPY or EUR/USD for this one instead of the EUR/JPY, as last month they were much less volatile

In January it came out at 5 and -.1 with a 13 pip spike with instant full retracement. This deviation (5) is extremely small.

In February we saw -8 and .1. -8 is also an extremely small deviation for this trade, however that did not prevent it from spiking 51 pips. Oddly, the spike did not occur till a couple seconds after the news came out, and most accounts were taken out due to the low deviation (which is exactly what we wanted). It then retraced all the way back and then pushed down again 100 pips. NFP causes some weird behavior in the market.

In March we saw 71 and -.2 (ahhh that’s more like it) with a 50 pip spike. It was real jumpy before the trade. It retraced 50% right quick (which is usually enough to take many trades out due to hitting stop losses, take profit levels, and/or trailing stops) and then thrashed up and down a bit after that.