Yen Weakens Against U.S. Dollar: Expect U.S. Labor Data. The U.S. dollar moved higher against the yen to its highest level in nearly 2-1/2 years on Friday, while the euro held steady against the yen also related to expectations that this year will be a lot of stimulus, which was launched by the BoJ. The euro slipped against the dollar, touching a new 3-week low after the meeting indicated that the U.S. Feds Feds prepared to consider doing further bond purchases, said some officials there linked to an increase in the balance sheet amounted to $ 2.9 trillion.
The U.S. dollar rose 0.4% to 87.63 yen after rising to 87.66 yen highly on trading platform EBS, its highest level against the yen since July 2010. Today, data from the U.S., which is expected to show an increase NFP workforce of 150,000 people in December, according to a Reuters survey of economists, up from 146 000 in number. U.S. unemployment rate is expected to remain at the level of 7.7%.
Euro Probably Will Continue To Bottom 1:30 Movement
The euro moved down to 3-week low against the U.S. dollar in early trading session on Friday, with the euro which successfully tested the associated strengthening U.S. dollar 1.3021, after falling more than 1% overnight. With NFP data that will be released in the U.S. session, the euro traded at a daily low with strong short-term bearish signal, "explains Valeria Bednarik, analyst at FXstreet.com.
"Usually with a slow session ahead of employment data, the Asian session today will be able to see a continuation of the strengthening of the U.S. dollar if the price broke through the 1300 area."
Spot The euro currently stands at 1.3035 after meeting short-term support at the EMA-50 day (1.3020. Afterward, Bednarik identifies support at 1.2970. Resistanve Level will be recorded at 1.3080, 1.3110 and 1.3145.
The U.S. dollar rose 0.4% to 87.63 yen after rising to 87.66 yen highly on trading platform EBS, its highest level against the yen since July 2010. Today, data from the U.S., which is expected to show an increase NFP workforce of 150,000 people in December, according to a Reuters survey of economists, up from 146 000 in number. U.S. unemployment rate is expected to remain at the level of 7.7%.
Euro Probably Will Continue To Bottom 1:30 Movement
The euro moved down to 3-week low against the U.S. dollar in early trading session on Friday, with the euro which successfully tested the associated strengthening U.S. dollar 1.3021, after falling more than 1% overnight. With NFP data that will be released in the U.S. session, the euro traded at a daily low with strong short-term bearish signal, "explains Valeria Bednarik, analyst at FXstreet.com.
"Usually with a slow session ahead of employment data, the Asian session today will be able to see a continuation of the strengthening of the U.S. dollar if the price broke through the 1300 area."
Spot The euro currently stands at 1.3035 after meeting short-term support at the EMA-50 day (1.3020. Afterward, Bednarik identifies support at 1.2970. Resistanve Level will be recorded at 1.3080, 1.3110 and 1.3145.
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