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USD/JPY rallies after NFP beat

FXStreet (Córdoba) - USD/JPY pierced above 109.00 and rallied to fresh daily highs after data showed US added more jobs than expected in September.

US nonfarm payrolls rose to 248,000 in September versus a revised gain of 180,000 in August and beating expectations of 215,000. Meanwhile, the unemployment rate unexpectedly dropped to 5.9% versus 6.1% anticipated.

USD/JPY jumped to a high of 109.59 as the knee-jerk reaction and it is currently trading at 109.50 from 108.88 pre data.

USD/JPY technical levels

As for technical levels, USD/JPY could find immediate resistances at 109.84 (Sept 30 high) and 110.07 (Oct 1 high). On the other hand, supports are seen at 108.34 (Oct 3 low), 108.00 (Oct 2 low/psychological level), 107.38 (Sept 12 high), 107.08 (Sept 17 low).

United States Average Hourly Earnings (YoY): 2% (September) vs previous 2.1%

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US: Annual Average Hourly Earnings up 2.0% in September

The US Annual Average Hourly Earnings increased by 2.0% in September, following a 2.1% rise in August, the US Department of Labor reported today. On a monthly basis Average Hourly Earnings remained flat at 0%, after growing 0.3% and against forecasts of +0.2%.
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