Friday, March 5, 2010

USD/JPY reacts up after the US February unemployment report



The Dollar has reacted higher against the Japanese yen on the back of the US NFP decline by 37.000 in February. Unemployment rate has remained unchanged at 9.7 despite expectations of increase to 9.8% in February. 

USD/JPY has jumped around 100 pips in the minutes following the data from 89.30 to 90.30, 1-week high. Currently the pair is pricing at 90.10.

Nonfarm payrolls fell by 36,000 in February from 20,000 in January while the unemployment rate held steady 9.7%. The consensus among analysts is that around 30,000 more jobs would be shed in February with the unemployment rate ticking up to 9.8%.

USD/JPY (Mar 05 at 14:01 GMT)

90.14/17 (1.28%)

H 90.28 L 88.95

S3S2S1R1R2R3
89.321289.545689.770090.620090.846591.0731
[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Mar 05 at 13:53 (15-minute timeframe)

[ View USD/JPY Technical Studies ]
This article taken by FxStreet.Com

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