USD/JPY reacts to the downside as unemployment falls to 6.6%

FXStreet (San Francisco) - After a brief jump to 102.60, the USD/JPY is falling fast to test the 101.50 area following the Nonfarm payrolls report of 113K new payrolls and unemployment report at 6.6%.

The USD/JPY is currently trading choppy at 101.70, 0.36% down in the day. The short term perspective is slightly bearish according to the FXStreet trend index. CCI, MACD and Momentum are pointing to the downside while the Stochastic is neutral.