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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY jumped to fresh daily highs after data showed the US economy created more jobs than expected in October.

USD/JPY boosted by employment data

Boosting optimism about the US recovery after a strong GDP reading Thursday, nonfarm payrolls data showed 204,000 new jobs were created in October, against 125,000 expected, while the unemployment rate stood unchanged at 7.3%. The USD/JPY soared with the data, rising to a high of 98.65 from 98.10 minutes before the release. At time of writing, USD/JPY is trading at the 98.60 area, now recording a 0.5% gain on Friday.

USD/JPY technical levels

In terms of technical levels, next resistance levels are seen at 98.75 (Nov 6 high) and 99.40 (Nov 7 high), while on the other hand, supports are seen at 98.03 (daily low) and 97.62 (Nov 7 low).
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