USD/JPY shaken by NFP; still unclear direction

By FXstreet.com | June 06, 2014 AAA

FXStreet (San Francisco) - The USD/JPY is trading at previous US employment data around 102.30 despite the pair moved wild just after the release in between 102.10 and 102.50.



US created 217K new norfarm payrolls in May, unemployment rate remains at 6.3%; while the participation rate was unchanged at 62.8%.



Currently, USD/JPY is trading at 102.37, down 0.04% on the day, having posted a daily high at 102.56 and low at 102.21. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.



USD/JPY Sentiment



Today's central pivot point can be found at 102.51, with support below at 102.24, 102.06 and 101.79 with resistance above at 102.68, 102.96, and 103.13. Hourly Moving Averages are bearish, with the 200SMA at 102.12 and the daily 20EMA at 102.07. Hourly RSI is bearish at 39.



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