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FxWirePro: Japanese Yen strengthens after NFP job results, intraday bias remains bearish

  • 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.
  • Market Data
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