Forex: USD/JPY jumps on upbeat US jobs report

Fri, 05 Nov 2010 13:52:00 +0100

Forex: USD/JPY jumps on upbeat US jobs report

FXstreet.com (Córdoba) – The Dollar jumped across the board following the release of a much better-than-expected jobs report in the US. USD/JPY broke above 81.00 and soared to 81.45 reaching a 2-day high. The pair approached to weekly highs that lie at 81.55 (Nov 3 high), erasing yesterday’s losses in a few minutes.

The Yen plummeted across the board after the released weakened by risk appetite as stocks and treasury yields jumped.

US Non farm payrolls have increased by 151,000 in October, beating expert’s expectations of a 60,000 increment. September's payrolls have been revised to a 41,000 decline from the 95,000 drop previously estimated.

Technical Analysis (2010-11-05 12:45 GMT)

USD/JPY 81.35/81.38 - O: 80.435 H: 80.52 L: 80.42 C: 80.485

Trend R3: 81.8547
R2: 81.6511
R1: 81.4475
S1: 80.9507
S2: 81.1541
S3: 81.3575