Intraday Market Thoughts
Ahead of CAD Jobs Report
by
May 10, 2013 13:13
JPY accelerates weakness as BoJ's Kuroda reiterates that Japan is not targeting FX but only conducting monetary policy. Rather than chasing any JPY cross in sight, we issued 2 tactical Premium trades in CADJPY ahead of the Canada jobs report as a partial hedge to our existing USDCAD trades and a play on JPY weakness regardless of any downside surprise in the jobs report. CAD jobs figures due at 8:30 ET (13:30 London) expected at +15K from prev -54.5K with the unemployment rate expected unchanged at 7.2%. Full trades are in the latest Premium Insights under the CADJPY section
| Act | Exp | Prev | GMT |
|---|---|---|---|
| Net Change in Employment (APR) | |||
| 15.0K | -54.5 | May 10 12:30 | |
| Unemployment Rate (APR) | |||
| 7.2% | 7.2% | May 10 12:30 | |
Latest IMTs
-
Trump's Golden Hit
by Ashraf Laidi | Jan 22, 2026 10:58
-
4890 Hit, Now What?
by Ashraf Laidi | Jan 21, 2026 11:34
-
Gold 4850 No Change
by Ashraf Laidi | Jan 20, 2026 9:48
-
Silver's Road to 102
by Ashraf Laidi | Jan 19, 2026 13:25
-
Avoid Yen Intervention Trap
by Ashraf Laidi | Jan 17, 2026 11:20
