- The US Nonfarm Payrolls (NFP) sent the US dollar down across the board as the US has only added 75k jobs vs. 185k forecast.
- USD/JPY dipped lower but seems to hold above the key 108.00 support level.
USD/JPY daily chart
USD/JPY is trading in a bear leg below its main daily simple moving averages (DSMAs).
USD/JPY 4-hour chart
USD/JPY is consolidating near the 108.00 handle.
USD/JPY 30-minute chart
Bulls are attempting to create a base above the 108.00 figure. A break above 108.50 can lead to 108.80 and 109.20 to the upside. Support is seen at 108.00, 107.80 and 107.30.
Additional key levels
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