USD/JPY slumped down to 101.70 immediately after the soft round of US data but hasn’t been able to extend the range lower and is trading at 101.79.
Some bids at the low are building but larger bidders are at 101.50 and the non-farm payrolls spike low at 101.47. Below is the 100-day moving average at 101.35. Looks for strong demand at 101.00 and a mix of stops below and bids at the February low of 100.76.
USD/JPY daily
