5 Feb 2014
USD/JPY falls as ADP came below expectations
FXStreet (San Francisco) - The USD/JPY is trading below the 101.00 mark again following the weaker than expected ADP employment report. The pair has fallen around 40 pips in the latest few minutes to trade at 100.85.
The US dollar to Japanese Yen exchange rate is currently performing 0.80% negative in the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart.
The US ADP employment report shows a increase of 175K new payrolls in the private sector in January. However it means a slowdown from December reading of 227K.
USD/JPY technical outlook
"Allow one more upswing towards 101.94 resistance area before renewal of the general downtrend through 100.70, en route to 99.00 support zone", commented Stoyan Mihaylov, analyst at DeltaStock.com.
The US dollar to Japanese Yen exchange rate is currently performing 0.80% negative in the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart.
The US ADP employment report shows a increase of 175K new payrolls in the private sector in January. However it means a slowdown from December reading of 227K.
USD/JPY technical outlook
"Allow one more upswing towards 101.94 resistance area before renewal of the general downtrend through 100.70, en route to 99.00 support zone", commented Stoyan Mihaylov, analyst at DeltaStock.com.