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8 May 2015
USD/JPY volatility settled within familiar ranges
FXStreet (Guatemala) - USD/JPY is currently trading at 119.76 with a high of 120.24 and a low of 119.58.
USD/JPY fell away yet again from the 120.20 resistance, on a couple of occasions, post Nonfarm Payrolls and has been volatile albeit starting to settle down around the 119.80 level here. The numbers came as 223,000 new jobs in April, and that was below the 224,000 consensus while the weak March print was downwardly revised to only 85,000 from 126,000 previously estimated. The unemployment rate edged down to 5.4% from 5.5% the previous month.
USD/JPY comes with a mixed outlook. Levels are at 120.82/84 resistance being the December 2014 and the April high and beyond there we have the 14 year downtrend at 122.07. To the downside, the 118.33 March 26 low remains familiar ahead of the February low at 116.64.
USD/JPY fell away yet again from the 120.20 resistance, on a couple of occasions, post Nonfarm Payrolls and has been volatile albeit starting to settle down around the 119.80 level here. The numbers came as 223,000 new jobs in April, and that was below the 224,000 consensus while the weak March print was downwardly revised to only 85,000 from 126,000 previously estimated. The unemployment rate edged down to 5.4% from 5.5% the previous month.
USD/JPY comes with a mixed outlook. Levels are at 120.82/84 resistance being the December 2014 and the April high and beyond there we have the 14 year downtrend at 122.07. To the downside, the 118.33 March 26 low remains familiar ahead of the February low at 116.64.