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5 Apr 2013
Forex: EUR/JPY bounces as US NFPs flounder
FXstreet.com (Barcelona) - EUR/JPY nearly confirmed its morning high at 125.60, spiking to 125.50 in the immediate aftermath of todays US NFPs.
Numbers came in disappointingly at 88k/200k while US Unemployment declined to 7.6% alongside the US Trade Balance which came in at $-43bln. Despite declining from its session high, spot is still moving with upside momentum, with all hourly MA´s indicating near term sentiment continuation, and the previous high is still within touching distance. Hourly RSI is flat at 68, despite declining from overbought territory overnight.
Numbers came in disappointingly at 88k/200k while US Unemployment declined to 7.6% alongside the US Trade Balance which came in at $-43bln. Despite declining from its session high, spot is still moving with upside momentum, with all hourly MA´s indicating near term sentiment continuation, and the previous high is still within touching distance. Hourly RSI is flat at 68, despite declining from overbought territory overnight.