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USD/JPY climbs back targeting last week highs

FXStreet (Moscow) - USD/JPY is still above 105.00, moving higher step by step.

Just a pause

Just a small retreat of the pair on the back of the weaker-than-expected Non-Farm Payrolls only proved investors have no desire to leave the USD. The number of the added jobs was the weakest since January, 2014. However, it didn’t trigger a broad sell-off of the pair, and the fact it closed the last week above 105.00 may be a signal the rally will be resumed soon. Any corrective retreats may be used by investors as attractive opportunity to enter the market. The nearest targets for the upside may be found around 105.65 resistance.

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 105.16, with support below at 104.61, 104.15 and 103.57 with resistance above at 105.65, 106.20, and 106.69. Hourly Moving Averages are bullish, with the 200SMA at 104.51 and the daily 20EMA bullish at 103.88.

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