2 May 2014
USD/JPY drifts up ahead of nonfarm payrolls
FXStreet (Córdoba) - The USD/JPY is printing fresh highs early European session as the dollar trades broadly higher across the board heading into the US nonfarm payrolls.
The USD/JPY is rising for a second day in a row although investors might be unwilling to make any majors moves before the release of the US employment report. The USD/JPY picked up pace and reached a high of 102.49, but it continues to respect this week's boundaries. At time of writing the pair is trading at 102.45, up 0.13% on the day.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could find next resistances at 102.65 (Apr 30 high), 102.77 (Apr 29 high), 102.87 (100-day SMA) and 103.00 (psychological level). On the other hand, supports are seen at 102.25 (May 2 low), 102.12 (May 1 low), 102.00/02 (psychological level/Apr 30 low) and 101.80 (Apr 16 low).
The USD/JPY is rising for a second day in a row although investors might be unwilling to make any majors moves before the release of the US employment report. The USD/JPY picked up pace and reached a high of 102.49, but it continues to respect this week's boundaries. At time of writing the pair is trading at 102.45, up 0.13% on the day.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could find next resistances at 102.65 (Apr 30 high), 102.77 (Apr 29 high), 102.87 (100-day SMA) and 103.00 (psychological level). On the other hand, supports are seen at 102.25 (May 2 low), 102.12 (May 1 low), 102.00/02 (psychological level/Apr 30 low) and 101.80 (Apr 16 low).