Despite tough winter conditions, February non-farm payrolls rose 295K and unemployment ticked down to 5.5%, a level touted by some officials as a "normal unemployment level". Average hourly earnings slightly disappointed, but that didn't stop the Dollar from gaining 100-150 pips across the board.

USD/JPY broke the New Year high near 120.75 then 121 level and traded up to 121.27. It stopped just ahead of weekly resistance 3 and is now in retreat. 120.75 should now act as support, as should broken daily resistance 2 at 120.80.

Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –