The Australian Dollar fell after weaker than expected AUS employment numbers. Employment change arrived at -3.9k vs. +15k expected. The unemplyoment rate fell from 5.7 % to 5.6 %, but the participation rate declined as well, from 64.9 % to 64.7 %. Overall, the data was slightly disappointing, and AUD/USD fell from 0.7480 to a low of 0.7445.
Softer than expected New Zealand GDP data weighed on the NZ Dollar. NZD/USD declined from 0.73 in the early Asian session to a low of 0.7265 and later extended losses to 0.7255. New Zealand's GDP grew 0.9 % vs. 1.1 % expected. The year-on-year number arrived at 3.6 % vs 3.7 % expected.
USD/JPY remains the most volatile pair amongst the majors amid speculations about what the BoJ might announce next week. The pair fell from 102.60 to 101.90 after the Tokyo open, but found support there and is now back at 102.40.
Looking ahead, the main events today will be the SNB and BOE rate decisions. Both central banks are expected to keep rates unchanged.
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