USD/JPY slips ahead of US nonfarm payrolls report

USD/JPY was bid early in the Asian session before slipping back down. The pair edged up from a New York session low of 119.38 to 119.88 before falling back. The upside has been paused for now as markets await a major risk event today – the US non-farm payrolls data later in the US session. EUR/JPY and GBP/JPY traded in sync with USD/JPY, off from highs of 141.36 and 180.88 to 140.77 and 179.87.

EUR/USD saw a soft bounce due to a broadly weaker dollar ahead of today’s US non-farm payrolls data. EUR/USD rose from 1.1786 early to 1.1815, making small tracks away from a retracement low of 1.1780 late in New York. It had earlier rallied from a fresh trend low of 1.1754 to 1.1819. EUR/GBP was slightly better bid between 0.7814-25. EUR/CHF treaded water at 1.2009-13, again above the SNB’s line in the sand at 1.2000.

GBP/USD traded slightly better bid between 1.5078-1.5104 into the US NFP data.

USD/CHF was fell back modestly from 1.0189 to 1.0166 into the US data release.

AUD/USD opened in Asia at 0.8123 and got only a modest bump up from 0.8105 to 0.8148 on caution into tonight’s US NFP release. An early dip after the slight miss on Aussie retail sales was limited.

The post USD/JPY slips ahead of US nonfarm payrolls report appeared first on Forex Circles.

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