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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY soared to fresh multi-week highs after data showed the US created 195K new jobs in June, while the unemployment rate edged slightly higher to 7.6%.

USD/JPY underpinned by better-than-expected NFP

The strong NFP figure boosted the greenback across the board as it builds the case for the Fed to taper bond purchases. USD/JPY jumped nearly 100 pips immediately after the data, and reached its highest since late May at 100.90.

USD/JPY levels

At time of writing, USD/JPY is trading at the 100.80 zone, where it records a 0.8% gain on the day. Still, volatility should be expected as the market may take a few minutes to assess the numbers. Immediate resistances could be found at 101.00 and 101.25 (May 31 high). On the flip side, supports are seen at 99.90 (daily low) and 99.50 (Jul 4 low).
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