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Forex: EUR/USD eyes 1.2950 ahead of NFP

FXstreet.com (Barcelona) - The single currency is attempting a rebound to the area of 1.2950 on Friday, ahead of the NFP and the jobless rate in the US economy. It is worth noting that prior surveys expect the Payrolls to fell to 200K in March from 236K previous and the unemployment rate to stay put at 7.7%.

Further data will show the trade balance figures during February, with the trade deficit expected to widen a tad to $44.60 billion from $44.45 billion.

At the moment, the cross is up 0.08% at 1.2946 facing the next resistance at 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the flip side, a breach of 1.2893 (MA200d) would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).

Forex Flash: BoJ edges Fed in monetary aggression – Deutsche Bank

In Dollar terms (using current spot FX rate), Japan's plan is to buy about $72bn in assets per month (JPY 7trillion using current spot rate), or about $864bn a year. By comparison, the Fed is purchasing about $1 Trillion a year ($85/month x 12) at the moment.
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Forex: USD/JPY holds above the 96.00 ahead NFP

After easing from highs at 97.20, the USD/JPY has retreated to consolidate between 96.00 and 96.40 in the European session and ahead the NonFarm payrolls and employment report. Currently the pair is trading at 96.13, 0.15% below opening price action.
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