Forex: USD/JPY edges lower after NFP

FXstreet.com (Córdoba) - The dollar weakened slightly versus the yen and slid back below the 92.00 mark, after data showed the US economy added 157,000 new jobs in January versus expectations of a 160,000 gain. Even though the unemployment rate ticked up to 7.9% in January, December and November NFP figures were revised up.

USD/JPY dropped nearly 30 pips on the news, sliding to the 91.90 zone where the 20-hour SMA offered some support. However, as the figure was mainly in line with expectations, movements are rather limited. At time of writing, USD/JPY is trading at the 91.95/92.00 area, still up 0.3% on the day.

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