US Dollar vs Japanese Yen (USDJPY)

[jacobfx]

Dollar Yen recovery from 80.50 lows on Monday reached fresh 5-week highs at 81.50 and the pair turned lower on Dollar weakness after the release of weaker than expected US Non-Farm Payrolls data giving away weekly gains in a matter of minutes, to test 80.50 support area.

Below 80.50/55 (Jul 4 low/day low), the pair might find support at 80 15/25 (Jun 24/30 lows) and 80.00 (Jun 17/22 lows). On the upside, resistance levels lie at 80.80 (previous lows), and above here, 81.40/50 (day highs) and 81.80 (May 30 highs).

The Yen has advanced across the board on risk aversion after NFP figures. EUR/JPY retreat from 116.80 day highs extended 100 pips lower to 115.85 low, whole the GBP/JPY retreat from 130.00 area spiked down to one-week low at 128.85, to pick up afterwards, reaching 129.50 area on early US session.

Source: http://www.fxcc.com