Strong jobs but wages lag has the dollar moving higher at first, but not for long

USDJPY moves to 107.00 and backs off. The EURUSD goes lower and moves back up.  The US jobs data showed strong jobs, but wages lag once again.
The stock market likes it with the Dow up near 200 points. The S&P is up about 20 points. The Nasdaq is up 57 points. 
US yields are steady with the 10 year hanging around 2.873% (the 2.88% levels has been a well traded level this week). 
The USDJPY moved to a high of 107.05ish and backed off. Remember the 107.00 option strike. We currently trade 106.84 which is not far from the level before the number.

For the EURUSD, the price moved to a low of 1.2272 but is now trading back higher and looks toward the 200 hour MA at 1.2309.

Are the wages just around the corner?  That never ending question will baffle the market, Fed officials once again (We could all hear the chorus of «We should see more wage gains going forward»).  Article Source

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