Seeing a rebound though.
The dollar initially fell on the US employment headlines, but is seeing a rebound after the initial move and now a decline on the China comment that they are fully prepared to respond to the new tariffs.
EURUSD.
The EURUSD rose to the the swing area, fell back off and is now trading back in that swing area (between 1.2251-602). A move above that swing area will look to take back levels above including the topside trend line at 1.2268, the 100 hour mA at 1.22764 (blue line) and other swing lows from last week/this week up to 1.22847. Finally the 200 hour MA is at 1.2311.
ON the downside now, watch the 1.22387 and then the low for the day at 1.22139.
The high just extended to 1.2256 - right between the swing area at 1.2251-60
Stay below the yellow area keeps the buyers sellers more in control technically.
USDJPY
For the USDJPY, the pair trades in a range defined by the 50% retracement on the 4-hour chart at 107.549 and the 107.00 below. The low today reached 106.99. The low through the employment report reached 107.11.
We currently trade at 107.306 - between the extremes.
The stocks are a little higher after all the news, but still lower. The Dow is down -191 points. The Nasdaq is down -55 points. The S&P is down -18.
US yields are a little lower but not more than 1 basis point from pre-data levels.