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Forex – USD/JPY Down During The U.S. Session
Written by article default Friday, 07 January 2011 19:32
The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.USD/JPY was trading at 82.97, down 0.43% at time of writing.
The pair was likely to find support at 81.13, Monday’s low, and resistance at 83.69, today’s high.
Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 103.00K last month, from 71.00K in the preceding month whose figure was revised up from 39.00K.
Analysts had expected U.S. non-farm payrolls to rise 150.00K last month.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.62% to hit 1.2923 and GBP/USD rising 0.54% to hit 1.5558.