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USD/JPY Down Toward The End Of European Session
Written by article default Friday, 04 March 2011 19:05
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 82.33, down 0.13% at time of writing.
The pair was likely to find support at 81.58, Wednesday’s low, and resistance at 83.05, today’s high.
Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 192.00K last month, from 63.00K in the preceding month whose figure was revised up from 36.00K.
Analysts had expected U.S. non-farm payrolls to rise 180.00K last month.
Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.01% to hit 1.3970 and GBP/USD falling 0.18% to hit 1.6248.