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6 Aug 2015
USD/JPY moves away from 125.00, remains in range
FXStreet (Córdoba) - USD/JPY rose toward 125.00 after the US jobless claims report but then bounced back to the downside, to test daily lows. The pair found support again above 124.70 (daily low) and currently it trades at 124.75/80, around the same level it closed yesterday.
Price action remains limited and moving within a small trading range of 30 pips, consolidating near weekly highs. Two days ago it was trading below 124.00 and then rallied toward 125.00. On Wednesday hit 125.00 for the first time in almost two months.
Market quiet ahead of NFP
US economic data yesterday and today had little impact on the market. Traders are waiting for tomorrow’s US employment report with the Non-Farm Payrolls numbers likely to trigger volatility in the forex.
Today major are trading practically unchanged from yesterday except the pound, that is falling sharply following the minutes and the Inflation Report of the Bank of England. GBP/JPY lost 160 pips while GBP/USD trades at 10-day lows.
Price action remains limited and moving within a small trading range of 30 pips, consolidating near weekly highs. Two days ago it was trading below 124.00 and then rallied toward 125.00. On Wednesday hit 125.00 for the first time in almost two months.
Market quiet ahead of NFP
US economic data yesterday and today had little impact on the market. Traders are waiting for tomorrow’s US employment report with the Non-Farm Payrolls numbers likely to trigger volatility in the forex.
Today major are trading practically unchanged from yesterday except the pound, that is falling sharply following the minutes and the Inflation Report of the Bank of England. GBP/JPY lost 160 pips while GBP/USD trades at 10-day lows.