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6 Sep 2013
USD/JPY collapses on weak NFP
FXstreet.com (Lisbon) - The USD/JPY faced utter cataclysm on the heels of mixed US data, falling below the 99.00 region Friday.
In the United States, Nonfarm payrolls came in at 169K in August, missing expectations of 180K. In addition, The Unemployment Rate (August) yielded a figure of 7.3%, beating estimates of 7.4%.
USD/JPY technical levels
Presently, the USD/JPY is buried at the 99.00 region, netting a -1.06% fall off its opening. Briefing the technicals, the USD/JPY broke though supports at 99.57 and 99.32, and will encounter additional means at 99.09, ahead of 98.52, notes the Danske Research Team.
In the United States, Nonfarm payrolls came in at 169K in August, missing expectations of 180K. In addition, The Unemployment Rate (August) yielded a figure of 7.3%, beating estimates of 7.4%.
USD/JPY technical levels
Presently, the USD/JPY is buried at the 99.00 region, netting a -1.06% fall off its opening. Briefing the technicals, the USD/JPY broke though supports at 99.57 and 99.32, and will encounter additional means at 99.09, ahead of 98.52, notes the Danske Research Team.