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

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