USD/JPY rises after NFP-induced decrease in day-to-day high

FXStreet – The USD/JPY fell 30 Pips, and although the US NFP data-positive were, but the losses were quickly reversed, and so the trade is now in the positive range. The Pair reached its day high at 112,70 and currently, the trade takes place at 112,60, where the daily profit 12 Pips, or 0,11 %.

The US Dollar Index fell to 98,55 and now the trade before the Fed is held Speeches at 99,70.

The Fed Chairman J. Yellen, and Vice Chairman S. Fischer will hold in addition to his Francisco Fed J. Williams (2018 voters, hawkish) and Boston Fed E. Rosengren (2019 voter, hawkish) will Speak.

In the meantime, the US stock markets got off to a mixed start to the day and this speaks to the unclear market sentiment. The Dow Jones Industrial Average loses -0,09 % and the S&P 500 rises by 0.14 %.

Technical Prospects

In USD/JPY next supports lie at the 100-day MA 112.50, 111,95 (Deep-3. May) and 111,30 (50-day MA). On the other hand, Resistances can be found at 113,05 (High-4. May), 113,50 (High-17. March) and 114,00 (psychological level).

** FXStreet News Editorial, FXStreet**

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