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Hardy: USDJPY stealing the limelight from EURUSD after NFP surprise

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USDJPY upside seems to be stealing the limelight from EURUSD downside after last week's surprise surge in US job numbers boosts expectations that the US Fed is getting closer to hiking rates, says Saxo Bank's John Hardy.

Hardy looks at how the FX market is reacting after the October nonfarm payrolls came in at 271,000 versus a forecast of just 185,000 and outlines his trading stance for US dollar against other major currencies. Hardy also looks at some of the events that could move FX markets this week.