FXStreet — The USD/JPY delivery in new offers and so it was with the disappointing US labour market data the new Low in the vicinity of the 111,00 formed.
The US NFP are in may at 138K, which is less than the expected 185K. The month-on-month result was revised from 211K to 174K down.
The unemployment rate unexpectedly fell to 4.3%, while average hourly earnings rose as expected 0.2%.
Today’s poor US data will have the expectations of a Fed interest-rate increase on may 14. June dampened and also the hopes of a faster tightening of Fed monetary policy, were damaged.
Supports can be found under 111,00 at 110,75, 110,50 and 110,24 (Tief 18. May). On the other hand, Resistances can be found at 111,70-80, 112,45 and 112,15-20.
** FXStreet News Editorial, FXStreet**