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 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
| S3 | S2 | S1 | R1 | R2 | R3 |
| 89.3212 | 89.5456 | 89.7700 | 90.6200 | 90.8465 | 91.0731 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Mar 05 at 13:53 (15-minute timeframe) | |
This article taken by FxStreet.Com
