The USD moved higher but is retracing some of the moves after the US jobs report which came in with the month revisions last month, about expectations. This month rose 177K vs 130K (+47K), but the prior month was revised to 185K from 228K (-43K).

EURUSD: The EURUSD moved to a low of 1.1303 which briefly traded below lows from last week at 1.13072. However, the price is trading back higher and trades at 1.1330 currently. The high today stallled at the 100 hour moving average near 1.13516 currently . Support 1.1307. Resistance 1.13516 now

EURUSD

USDJPY: The USDJPY moved up to 144.95, but is back down trading at 144.55 currently. There is a swing area between 144.45 and 144.55 that if broken would have traders looking toward the broken 38.2% retracement of the move down from the March 27 high. That level comes in at 144.208.

USDJPY

Looking at US stocks in premarket trading:

  • Dow industrial average up 438 points
  • S&P index up 64.61 points
  • NASDAQ up 214 points

In the US debt market yields are higher:

  • 2 year yield 3.770%, +6.9 basis points
  • 5 year yield 3.880%, +6.7 basis points
  • 10 year yield 4.283%, +5.2 basis points
  • 30 year yield 4.779%, +4.4 basis points
Source: Forex Live