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EURUSD Sees Decent Retracement Of Payrolls Drop, USDJPY Holding Firmer

FOREX
  • EURUSD trading back at circa 1.09 having touched a low of 1.0877 and now 15 pips lower than before the payrolls release.
  • It pushed higher having tested support at 1.0883 (Apr 4 low) for pre-JOLTS levels, and for now at least doesn’t appear to have steam to push lower to next open 1.0802 (20-day EMA).
  • USDJPY meanwhile holds most of its climb, trading at 132.24 off a high of 132.38, still near resistance at the 20-day EMA of 132.55, a clear break of which could open some leeway to 133.77 (50% of Mar 8-24 bear leg) in what would be a departure from the recent trend needle pointing south.
  • Elsewhere, only NZD maintains gains vs the greenback on the day at typing, although only just at +0.02% from +0.24% prior with NZDUSD trading 0.6247.

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