USD/JPY rises through 102.00 after solid NFP

By FXstreet.com | July 03, 2014 AAA

FXStreet (Córdoba) - The USD/JPY jumped to fresh daily highs above the 102.00 mark after US nonfarm payrolls showed the economy created more jobs than expected in June.



The US added 288,000 jobs in June and the unemployment rate fell to a nearly 6-year low of 6.1% according to the nonfarm payrolls report. This reading beat consensus of 213K and comes above May’s 224K (revised up from 217K).



The USD/JPY jumped to a high of 102.22 immediately after the data and it is currently trading at 102.10, recording a 0.35% gain on the day.



USD/JPY technical levels



As for technical levels, the USD/JPY might find next resistances at 102.32 (Jun 18 high) and 102.56 (Jun 10 high). On the flip side, supports are seen at supports at 101.41 (Jul 2 low) 101.29 (Jul 1 low) and 101.09 (May 19 low).



comments powered by Disqus
Related Forex Analysis
  1. US Dollar Aims to Extend Advance, Gold and Crude Oil Range-Bound
    Forex News

    US Dollar Aims to Extend Advance, Gold and Crude Oil Range-Bound

  2. USD/JPY trying to get above 109.50
    Forex News

    USD/JPY trying to get above 109.50

  3. EUR/USD Technical Analysis: Euro Trying to Expose 1.26
    Forex News

    EUR/USD Technical Analysis: Euro Trying to Expose 1.26

  4. US Dollar Technical Analysis: Working on Fifth Straight Gain
    Forex News

    US Dollar Technical Analysis: Working on Fifth Straight Gain

  5. USD/JPY Technical Analysis: Range-Bound Below 110.00 Mark
    Forex News

    USD/JPY Technical Analysis: Range-Bound Below 110.00 Mark

Trading Center