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6 Feb 2015
USD/JPY clings to 119.00
FXStreet (Edinburgh) - The US dollar remains in the upper bound of the intraday range so far, with USD/JPY battling for the 119.00 handle.
USD/JPY rebounded from 117.20
The pair successfully managed to break above the consolidation pattern in the mid-117.00s, of course helped by the better-than-expected US Non-farm Payrolls during January (257K act. vs. 234K exp. and 329K prev.) despite the jobless rate ticking a tad lower to 5.7%. The steep upside also came as a reaction to markets’ bets, which were in general positioned for a disappointment.
Looking to Monday’s calendar in Japan, Consumer Confidence and Eco Watchers Survey are due in early trade, while the key Labour Market Conditions Index will be the highlight in an otherwise empty US docket.
USD/JPY key levels
At the moment the pair is advancing 1.30% at 119.07 and a break above 119.28 (daily cloud top) would expose 119.77 (high Jan.9) and then 119.96 (high Jan.8). On the other hand, the immediate support aligns at 117.02 (low Feb.5) ahead of 116.87 (low Feb.3) and finally 116.64 (low Feb.2).
USD/JPY rebounded from 117.20
The pair successfully managed to break above the consolidation pattern in the mid-117.00s, of course helped by the better-than-expected US Non-farm Payrolls during January (257K act. vs. 234K exp. and 329K prev.) despite the jobless rate ticking a tad lower to 5.7%. The steep upside also came as a reaction to markets’ bets, which were in general positioned for a disappointment.
Looking to Monday’s calendar in Japan, Consumer Confidence and Eco Watchers Survey are due in early trade, while the key Labour Market Conditions Index will be the highlight in an otherwise empty US docket.
USD/JPY key levels
At the moment the pair is advancing 1.30% at 119.07 and a break above 119.28 (daily cloud top) would expose 119.77 (high Jan.9) and then 119.96 (high Jan.8). On the other hand, the immediate support aligns at 117.02 (low Feb.5) ahead of 116.87 (low Feb.3) and finally 116.64 (low Feb.2).