USD Trading Outlook (12-02-2013)

U.S. Dollar Trading (USD) volatility continued throughout the Chinese New Year Celebrations with comments from US Treasury Official Brainard that she supports Japanese efforts to end deflation via aggressive monetary easing. Other speakers overnight included FED member Yellen who restated the case for the FED to target employment given the historically high unemployment rates currently seen even considering the recession. The FED has recently linked the end of the bond buying to an unemployment rate under 6.5% and so jobs numbers have grown in importance in recent months. Looking ahead, SNB Jordan speaks, FED Member George Speaks.