USD/JPY holds onto gains after surging on strong non-farm payrolls

USD/JPY surged to 125.86 after the strong US Non-farm payrolls report, which lifted US yields as well. The pair consolidated in the Asian session into a 125.29-68 range.
EUR/JPY was heavy, from 139.60 to 139.06, with more downside expected on decisive 139.00 break. GBP/JPY was steady, trading between 191.86 to 191.22 but the bias up after a big break above 190.00.

EUR/USD was quiet, consolidating Friday’s post-US NFP losses in a 1.1082-1.1115 range. EUR/GBP too was trading in tight 0.7267-76 range, and EUR/JPY in a wider range 139.06-60. EUR/CHF traded between 1.0444-49.

GBP/USD was quiet in relatively tight 1.5239-74 range in Asia. Major key support was below the range at 1.5174 and capped at 1.5450.

USD/CHF was confined to a tight 0.9399-0.9419 range in Asia.

AUD/USD traded a 0.7609-42 range, in a quiet range just above the Friday low. Trading was quiet in a holiday-thinned market. There was a big drop to 0.7598 on Friday after very strong US NFP data. The overall bias remains down for the pair.

NZD/USD consolidates after a move down to 0.7025 following a stronger greenback on Friday after NFP. The pair consolidated in a range between 0.7028-59. RBNZ policy meeting in focus this week with a rate cut this week.

The post USD/JPY holds onto gains after surging on strong non-farm payrolls appeared first on Forex Circles.

Source:: USD/JPY holds onto gains after surging on strong non-farm payrolls

Won't your trader friends like this?
Forex Time
About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]

Related Posts

Leave a Reply

*