Forex: USD/JPY pulls back after US NFP
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USD/JPY
FXstreet.com (Córdoba) - The dollar weakened slightly versus most competitors, and retreated from a 29-month high of 88.39 against the yen, after the US nonfarm payrolls report showed the economy added 155,000 jobs in December, slightly above expectations, while the unemployment rate remained at 7.8%.
USDJPY pulled back toward the 87.95 area after the data and was last around 88. 10, still up 1.0% on the day. On the upside, above 88.40, next resistances are seen at 88.60 and 89.10, while on the downside, supports could be found at 87.70, and 87.20.
USDJPY pulled back toward the 87.95 area after the data and was last around 88. 10, still up 1.0% on the day. On the upside, above 88.40, next resistances are seen at 88.60 and 89.10, while on the downside, supports could be found at 87.70, and 87.20.
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