USD/JPY rises ahead of US NFP data

JPY
• USD/JPY was better bid ahead of today’s key US NFP release.
• USD/JPY traded from 119.78 to 120.06
• EUR/JPY traded 134.06-42, GBP/JPY traded 181.27-78.

EUR
• EUR/USD and EUR crosses did little in Asia pre-US NFP data, to-fro mostly.
• Ranges tight – EUR/USD 1.1177-1.1204, EUR/JPY 134.06-42, very thin.
• EUR/GBP 0.7385-97, EUR/CHF 1.0928-37 and EUR/AUD 1.5868-1.5947 (calc).

GBP
• GBP/USD was steady tn quiet pre-US NFP Asia trading
• The range was 1.5130-48.

CHF
• USD/CHF dip to 0.9765 early Tokyo before bouncing to 0.9778.
• Whatever flows there were attributed to positions ahead of US NFP.

AUD
• AUD/USD opens Asia at 0.7028, up to 0.7056 before falling to 0.7012.
• Rally on decent retail sales data was short-lived, range prior 0.7028-46.

NZD
• NZD/USD opens Asia barely changed at 0.6400, range 0.6385-0.6420.
• Trading was uneventful, due to China holidays, pending US NFP data dampen interest.

The post USD/JPY rises ahead of US NFP data appeared first on Forex Circles.

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