The Aussie is jumping higher against the JPY as Australian employment figures come in widely higher than expectations. Australia’s number of employed people jumped by a forecast-clobbering 50.9 thousand. The AUD/JPY is bounding higher in Thursday’s early session, climbing into 83.80 following a better-than-expected Australian employment report, which showed the Australian economy adding over 50 thousand new jobs to the landscape, far above the expected 17 thousand. Australia’s latest round of employment figures was a stellar outing; full-time and part-time employment both rose, by 41.2 thousand and 9.7 thousand respectively, while the Participation Rate improved to 65.7% versus the previous reading of 65.5%. The positive printing for Australian jobs also helped to wipe out the deficit in full-time employment, which showed a -20.6 thousand decrease back in May. AUD/JPY Technical Analysis The Aussie rebounded against the safe-haven Yen in Wednesday’s US session, recovering from the day’s low of 82.83 as broader markets saw a recovery in risk appetite, but Australia’s employment figures are now driving market sentiment for Thursday’s action, leading the AUD/JPY pair by the nose into fresh highs for July near 83.80, with resistance from June’s peaks nearby from 84.15 to 84.50. AUD/JPY Chart, 15-Minute Spot rate: 83.80 Relative change: 0.42% High: 83.91 Low: 83.37 Trend: Bullish Support 1: 83.37 (current day low) Support 2: 83.10 (61.8% Fibo retracement level) Support 3: 82.83 (previous day low) Resistance 1: 83.98 (June 13th swing high) Resistance 2: 84.13 (100.0% Fibo expansion level) Resistance 3: 84.53 (June high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK retail sales to fall back -1.7% m/m in June – Barclays FX Street 5 years The Aussie is jumping higher against the JPY as Australian employment figures come in widely higher than expectations. Australia's number of employed people jumped by a forecast-clobbering 50.9 thousand. The AUD/JPY is bounding higher in Thursday's early session, climbing into 83.80 following a better-than-expected Australian employment report, which showed the Australian economy adding over 50 thousand new jobs to the landscape, far above the expected 17 thousand. Australia's latest round of employment figures was a stellar outing; full-time and part-time employment both rose, by 41.2 thousand and 9.7 thousand respectively, while the Participation Rate improved to 65.7% versus the previous… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
