7 May 2015
USD/JPY climbs further, nears 120.00
FXStreet (Córdoba) - USD/JPY extended its recovery and turned positive for the day as the greenback benefited from better than expected US jobless claims data ahead of the eagerly-awaited nonfarm payrolls report.
USD/JPY has risen nearly 80 pips from a 1-week low of 119.05 scored earlier on the day, erasing intraday losses to trade up 0.32% on the day at the 119.80 zone.
On Friday, the nonfarm payrolls report will be released. Investors will be searching for signs of a bounce in hiring, with consensus pointing to a 224,000 rise following the 126,000 jobs created in March.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 120.00 (psychological level) and 120.50 (May 5 high). On the flip side, supports are seen at 119.32 (100-day SMA), 119.05 (daily low) and 118.49 (Apr 30 low).
USD/JPY has risen nearly 80 pips from a 1-week low of 119.05 scored earlier on the day, erasing intraday losses to trade up 0.32% on the day at the 119.80 zone.
On Friday, the nonfarm payrolls report will be released. Investors will be searching for signs of a bounce in hiring, with consensus pointing to a 224,000 rise following the 126,000 jobs created in March.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 120.00 (psychological level) and 120.50 (May 5 high). On the flip side, supports are seen at 119.32 (100-day SMA), 119.05 (daily low) and 118.49 (Apr 30 low).