FXStreet (Moscow) - USD/JPY opened the day at 102.40, reached 102.23 low, and rebounded by 5 pips by the moment.

High chances of good data

USD/JPY is in agitation before the key release of the week from the USA. The leading indicators from labor data suggest that Non-Farm Payrolls may surprise to the upside. The Non-Manufacturing ISM employment sub index coupled with better than expected Unemployment claims data may be speaking of better than expected readings, thus, increasing the chances of new wave higher with initial target at 102.68 resistance.

What are today’s key USD/JPY levels?

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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Forex pairs in this Article » USD/JPY

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