Nonfarm payrolls grew by 213K in June. The unemployment rate in the U.S. rose to 4%. US Dollar Index broke below 94 to touch a fresh 3-week low. After moving sideways in a tight range between 110.60 and 110.70 in the last hours, the USD/JPY pair came under a renewed selling pressure and fell to a fresh session low at 110.46. As of writing, the pair was trading at 110.52, down 0.13% on the day. The eagerly waited employment report from the United States showed that the nonfarm payrolls increased 213K in June to beat the experts’ estimate of 195K. Despite that upbeat figure, however, the unemployment rate rose to 4% in June from 3.8% in May amid a 0.2% monthly advance in the labor force participation rate. More importantly, the wage inflation measured by the average hourly earnings  rose by 0.2% in June to fall short of the market expectation of 0.3%. Following the data, the greenback started to weaken against its rivals and the US Dollar Index touched its lowest level since mid-June at 93.66. At the moment, the index is at 93.75, losing 0.4% on the day. There won’t be any other macroeconomic data releases in the remainder of the day but a negative start amid  by Wall Street amid trade tensions could continue to hurt the risk appetite and force the pair to extend its losses. Technical levels to consider The pair could encounter the first support at 110.35 (20-DMA) ahead of 110 (psychological level/50-DMA) and 109.50 (200-DMA). On the upside, resistances align at 110.80 (Jul. 6 high), 111.10 (Jul. 3 high) and 110.40 (May 21 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 Bitcoin price analysis: BTC/USD eyes consolidation above $6,600; Bitcoin ranking in China slides to 17th position FX Street 4 years Nonfarm payrolls grew by 213K in June. The unemployment rate in the U.S. rose to 4%. US Dollar Index broke below 94 to touch a fresh 3-week low. After moving sideways in a tight range between 110.60 and 110.70 in the last hours, the USD/JPY pair came under a renewed selling pressure and fell to a fresh session low at 110.46. As of writing, the pair was trading at 110.52, down 0.13% on the day. The eagerly waited employment report from the United States showed that the nonfarm payrolls increased 213K in June to beat the experts' estimate of 195K.… 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.