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USD/JPY up, but off the highs ahead of US jobs report; ST resistance 98.44

FXstreet.com (Barcelona) - The USD/JPY cross is trading higher as global players cannot shake the memory of yesterday’s bad Japanese Trade Balance data.

USD/JPY traders await US jobs report

The only data out Tuesday for USD/JPY traders to concern themselves with is the monthly Non-Farm Payrolls number. A very weak number would seemingly be required to offset the bearishness surrounding the Yen following yesterday’s poor Trade Balance data.

Technical outlook for USD/JPY

Technicians note that the first support for USD/JPY comes in at the horizontal line at 98.14 and is followed by the intraday pivot from Monday at 97.90. Resistance comes in at the short-term “correction resistance” of 98.44 and is followed up by the 10/16 close of 98.75.

AUD/NZD losing momentum at 1.1420 peaks

AUD/NZD was capped at 1.1430 and stalls below the 1.1420 despite minimal advances against the kiwi today on light Asian session data-wise.
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EUR/NZD muted amidst a very quiet Asian session

The EUR/NZD is trading at a very tight range in the Asian European trading session as the New Zealand calendar is empty, leaving cross dangling till the kick off of the European bourses.
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