FxWirePro: Japanese Yen strengthens after NFP job results, intraday bias remains bearish
Monday, April 4, 2016 1:24 AM UTC
- USD/JPY is currently trading around 111.48 marks.
- It made intraday high at 111.79 and low at 111.42 levels.
- Intraday bias remains bearish for the moment.
- Pair remains well supported below 112.00 and confirms bearish trend for the moment.
- US Non-farm payrolls rose by 215,000 in March, compared to the 205,000 new jobs which were expected by market analysts.
- On the other side unemployment rate was little changed at 5% after two months of hovering at an eight-year low of 4.9%.
- A daily close below 111.34 will take the parity down towards 110.66/109.62 levels.
- On the top side, key resistance levels are seen at 112.60, 113.43, 113.98 and 114.28 marks.