USD/JPY returns back below 144.30/145.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


As the world read the US employment report, it was discovered that the total workforce had decreased. Namely, despite the overall data being better than expected, the numbers were misleading, as their calculation base was smaller. The USD/JPY rate reacted to the news with a move below the 144.30/145.00 zone that immediately resumed acting as resistance.

The resistance of the 144.30/145.00 range is strengthened by the 50 and 100-hour simple moving average. A breaking above this range is expected to face resistance in the 146.00 mark where the initial Friday's surge reversed. Higher above, note the weekly R1 simple pivot point at 146.97 and the 147.00 level.

On the other hand, a decline is set to look for support in the 143.50 level and the weekly simple pivot point at 143.61. Below these levels, support is expected to be found in the 200-hour simple moving average and the 143.00 level.
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