OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY soars above 96.50 on strong NFP

The dollar strengthened sharply and soared to a fresh 3 ½-year high against the yen after the February US nonfarm payrolls report came in much better than expected. The government reported the US economy added 236,000 new jobs, against 160,000 expected, while the unemployment rate fell to 7.7% fom 7.9% last month.

USD/JPY jumped over 70 pips right after the release and hit its strongest since Aug 2009 at 96.53. At time of writing, USD/JPY is trading around 96.45/50, where it records a 1.8% gain on the day.

As investors continue to assess the impressive report, the USD/JPY could extend gains, with 96.70 as immediate resistance followed by 97.00.

Forex: USD/CAD plummets to 1.0258/59 after US/Canadian data

After peaking at 1.0316 (intraday maximum) earlier today, the USD/CAD has been trading negatively during European trading Friday, characterized by a gradual decline that took the pair above and below the 1.0300 level. However, after the reporting of both US and Canadian data, the pair found itself crashing lower, below support to 1.0258/59 in these moments.
Read more Previous

Forex: GBP/USD plunges as NFPs roar

Having climbed from its opening low below 1.5000, GBP/USD climbed throughout today's European session, posting a morning high at 1.5047 prior to today´s NFPs.
Read more Next
Start livechat