1 May 2014
USD/JPY back at square one, NFP in focus
FXStreet (Córdoba) - The USD/JPY is back to square one as despite some intraday volatility the pair seems unable to break out is 25-pip range.
The USD/JPY has stabilized above 102.00 Thursday after staging a sharp pullback from 3-week highs the previous day, as investors remain mainly sidelined ahead of the US nonfarm payrolls report to be published tomorrow. Having touched a high of 102.35, the pair pulled back to opening levels after failing to benefit from better-than-expected ISM manufacturing data. At time of writing, the USD/JPY is trading at the 102.25 zone, flat on the day.
USD/JPY levels to watch
As for technical levels, the USD/JPY could find next supports at 102.12 (May 1 low), 102.00/02 (psychological level/Apr 30 low) and 101.80 (Apr 16 low). To the upside, resistances are seen at 102.65 (Apr 30 high), 102.77 (Apr 29 high), 102.87 (100-day SMA) and 103.00 (psychological level).
The USD/JPY has stabilized above 102.00 Thursday after staging a sharp pullback from 3-week highs the previous day, as investors remain mainly sidelined ahead of the US nonfarm payrolls report to be published tomorrow. Having touched a high of 102.35, the pair pulled back to opening levels after failing to benefit from better-than-expected ISM manufacturing data. At time of writing, the USD/JPY is trading at the 102.25 zone, flat on the day.
USD/JPY levels to watch
As for technical levels, the USD/JPY could find next supports at 102.12 (May 1 low), 102.00/02 (psychological level/Apr 30 low) and 101.80 (Apr 16 low). To the upside, resistances are seen at 102.65 (Apr 30 high), 102.77 (Apr 29 high), 102.87 (100-day SMA) and 103.00 (psychological level).