US non-farm payrolls rise 227k, rate 8.3%

Slightly better than expected. We don’t need no stinkin’ sterlized QE-lite!

Dollar moderately firmer across the board. USD/JPY breaks 82.00, reaches 82.12.

Note that January was also revised higher, to 285K from 257K. The upward revisions was entirely in private sector jobs.

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