FXstreet.com (Barcelona) - The U.S. dollar lost ground against the Japanese yen after the economic data release in the American economy during the afternoon of the European session Friday. The mixed results of the indicators have provoked a rapid selloff of the U.S. dollar in these moments.
In the US, the Nonfarm Payrolls (June) missed results by reporting a result of 80k, vs. consensus expectations of 90k. The highly anticipated Unemployment Rate gave a figure of 8.2% in June, equaling expectations of 8.2 %. Finally, the index of Average Hourly Earnings (MoM and YoY) has grown +0.3% in June (vs. +0.2% forecast) and 2.0% (from +1.7% in the previous month) respectively.
At the time of writing, the cross is trading around the region of 79.61, depreciating -0.41% below its opening level. According to technical analysts ICN.com, the next short-term supports are located at 79.60, 79.25, and finally 79.00. On the opposite side, the On the opposite side, the pair will encounter resistance levels at 80.10, 80.40, then 80.75.
In the US, the Nonfarm Payrolls (June) missed results by reporting a result of 80k, vs. consensus expectations of 90k. The highly anticipated Unemployment Rate gave a figure of 8.2% in June, equaling expectations of 8.2 %. Finally, the index of Average Hourly Earnings (MoM and YoY) has grown +0.3% in June (vs. +0.2% forecast) and 2.0% (from +1.7% in the previous month) respectively.
At the time of writing, the cross is trading around the region of 79.61, depreciating -0.41% below its opening level. According to technical analysts ICN.com, the next short-term supports are located at 79.60, 79.25, and finally 79.00. On the opposite side, the On the opposite side, the pair will encounter resistance levels at 80.10, 80.40, then 80.75.
