USD/JPY New York Price Forecast: US dollar remains supported vs. yen, NFP non-event

USD/JPY is stabilizing in the 108.00 handle after US jobs report.
The level to beat for bulls is the 108.70 resistance.
US Nonfarm Payrolls plummeted by 701K in March.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is stabilizing in the 108.00 level while challenging the 200 SMA on the daily chart. US Nonfarm Payrolls plummeted by 701K in March however the news was no news and it was essentially a non-event.

USD/JPY four-hour chart

USD/JPY is nearing the 108.70 resistance near the main SMAs on the four-hour chart as buyers are looking for a break beyond the above-mentioned level en route to the 110.00 and 111.70 resistance levels on the way up. Support can emerge near the 108.00, 107.00 and 105.00 levels.

Additional key levels

USD/JPY

Overview
Today last price	108.4
Today Daily Change	0.52
Today Daily Change %	0.48
Today daily open	107.88

Trends
Daily SMA20	107.78
Daily SMA50	108.78
Daily SMA100	108.98
Daily SMA200	108.33

Levels
Previous Daily High	108.1
Previous Daily Low	107.02
Previous Weekly High	111.72
Previous Weekly Low	107.76
Previous Monthly High	111.72
Previous Monthly Low	101.18
Daily Fibonacci 38.2%	107.68
Daily Fibonacci 61.8%	107.43
Daily Pivot Point S1	107.23
Daily Pivot Point S2	106.58
Daily Pivot Point S3	106.15
Daily Pivot Point R1	108.31
Daily Pivot Point R2	108.74
Daily Pivot Point R3	109.39

Author

Flavio Tosti

Independent Analyst

EUR/USD faces some resistance near 100-SMA on H4, around 1.1830 zone

The EUR/USD pair gains some follow-through positive traction for the second consecutive day and climbs to the 1.1830 region during the Asian session on Thursday. The US Dollar remains on the back foot amid concerns about the economic fallout from US President Donald Trump's erratic trade policies and acts as a tailwind for spot prices.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold looks to build on strength beyond $5,200, eyes monthly peak amid safe-haven flows

Gold touches a fresh daily high heading into the European session on Thursday, with bulls looking to build on the momentum beyond the $5,200 mark. This marks the second straight day of a positive move and is supported by sustained safe-haven flows, bolstered by uncertainties surrounding US President Donald Trump's trade policies and US-Iran nuclear talks.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.