3 Oct 2014
USD/JPY rallies after NFP beat
FXStreet (Córdoba) - USD/JPY pierced above 109.00 and rallied to fresh daily highs after data showed US added more jobs than expected in September.
US nonfarm payrolls rose to 248,000 in September versus a revised gain of 180,000 in August and beating expectations of 215,000. Meanwhile, the unemployment rate unexpectedly dropped to 5.9% versus 6.1% anticipated.
USD/JPY jumped to a high of 109.59 as the knee-jerk reaction and it is currently trading at 109.50 from 108.88 pre data.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate resistances at 109.84 (Sept 30 high) and 110.07 (Oct 1 high). On the other hand, supports are seen at 108.34 (Oct 3 low), 108.00 (Oct 2 low/psychological level), 107.38 (Sept 12 high), 107.08 (Sept 17 low).
US nonfarm payrolls rose to 248,000 in September versus a revised gain of 180,000 in August and beating expectations of 215,000. Meanwhile, the unemployment rate unexpectedly dropped to 5.9% versus 6.1% anticipated.
USD/JPY jumped to a high of 109.59 as the knee-jerk reaction and it is currently trading at 109.50 from 108.88 pre data.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate resistances at 109.84 (Sept 30 high) and 110.07 (Oct 1 high). On the other hand, supports are seen at 108.34 (Oct 3 low), 108.00 (Oct 2 low/psychological level), 107.38 (Sept 12 high), 107.08 (Sept 17 low).