Australia just added the 3rd most full-time jobs ever in a month according to the Aussie Bureau of Statistics. That is 16-times the average monthly gain since 1978. Of course, rather than shrug it off as some idiotic aberration as the nation suffers under the crushing blow of a collapsing commodit market and shrinking China, “traders” bid AUDJPY to the moon (which sparked a mini-rally in US equity futures).
Today’s print is only bettered y Aug 1991 and Feb 2011…
and that managed to get traders to run through stops on AUDJPY at 93.00
We assume it didn’t snow in Australia