USD/JPY ticks higher in Tokyo following a goldilocks nonfarm payrolls. US 10yr treasury yields are little changed overall and USD/JPY consolidates. USD/JPY is turning higher in Tokyo in a slow start to the week following a goldilocks nonfarm payrolls that sent the greenback somewhat lower on profit-taking. USD/JPY is currently trading at 110.49 from a low of 110.38 and a high of 110.53 – (21-hr SMA 110.52). USD/JPY  fell from 110.70 to 110.40 while the US jobs data came out mixed. There was strong jobs growth in June but it was outweighed by the disappointing unemployment and earnings numbers that sent the greenback lower across the board.  Risk sentiment keeps bulls in play US stocks rallied, with risk sentiment improving, denting the bearish case in USD/JPY. The headlines read as 213k vs the expected 195k while the May level was revised higher to 244k (from 223k although average hourly earnings only rose by 0.2% m/m, remaining at 2.7% y/y vs the expected 0.3% and 2.8%.  However, US 10yr treasury yields are little changed overall and USD/JPY consolidates. The yields spiked lower after the job report, moving from 2.83% to 2.81%, but later retraced. Two year yields behaved similarly but were contained inside 2.53% and 2.55% – (Fed fund futures yields continued to price 1 ½ more hikes in 2018). USD/JPY levels Valeria Bednarik, chief analyst at FXStreet explained that the daily chart for the USD/JPY pair shows that it holds above its 100 and 200 DMA: “The Momentum is now around its mid-line and the RSI heading lower at 54, indicating decreasing buying interest. Shorter term, and according to the 4 hours chart, the pair is technically neutral, as it is developing a few pips above directionless moving averages, while technical indicators head nowhere within neutral levels. The risk of a downward extension will increase on a break below 110.25, the weekly low.” 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 BOJ Kuroda: will maintain yield curve control as long as is necessary FX Street 4 years USD/JPY ticks higher in Tokyo following a goldilocks nonfarm payrolls. US 10yr treasury yields are little changed overall and USD/JPY consolidates. USD/JPY is turning higher in Tokyo in a slow start to the week following a goldilocks nonfarm payrolls that sent the greenback somewhat lower on profit-taking. USD/JPY is currently trading at 110.49 from a low of 110.38 and a high of 110.53 - (21-hr SMA 110.52). USD/JPY  fell from 110.70 to 110.40 while the US jobs data came out mixed. There was strong jobs growth in June but it was outweighed by the disappointing unemployment and earnings numbers that… Top 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.