Very strange goings on in the market with US equities still up and the Yen pairs pushing north with them despite a very sharp drop in the US Non-farm Payroll figures at -240,000 against the -200,000 consensus and the previous revised to an even weaker -284,000. Just to top it all of the Unemployment Rate pushed to 6.5% well above expectations as the jobless cannot find any alternatives. So what is going on, at this point we could think of two scenarios a technical rebound following two days of sharp losses that should be susceptible for a late NY trade sell-off in equities and with that risk aversion and downside gap for the Yen pairs at the open on Monday. The other more ominous view is funds once again are active in the late European trade which suggests fundies should will likely reassert themselves at the close of European markets.