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).



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