- USD The dollar gains momentum ahead of the Wall Street open.
- Applications for unemployment benefits fell more than expected.
- USD/JPY is up over a hundred points from the monthly low it hit on Thursday.
The pair USD/JPY extended the rebound after the release of US economic data and is trading at a fresh daily high at 131.65. In Asian time, the pair bottomed at 130.39, the lowest level since February 10.
Data helps DXY bounce
The dollar was trying to stabilize and after the US data release it gained some momentum which helped the USD. The DXY was down just 0.10% near 102.50, having touched previous levels below 102.00.
Initial claims for jobless benefits fell by 1,000 during the week of March 18, to 191,000, against expectations for an increase to 201,000. Continuous requests fell by 14,000 during the week of March 18. Continuation Requests were down 14,000 in the week ending March 11, to 1,694,000. The figures show that the labor market remains tight. These figures show that the labor market remains tense.
The Chicago Fed National Activity Index (CFNAI) stood at -0.19 in February, down from 0.23 in January; forecasts were 0.
USD/JPY bounces
Yields in the US hit new all-time highs following the latest economic reports, although they are significantly below yesterday’s levels. The 10-year US Treasury yield topped 3.50%, while the 2-year yield approached 4%. The Japanese yen was slightly affected by the rebound in yield.
USD/JPY is around 131.50, in positive territory on the day, after rebounding from monthly lows. The pair tries to stay above the critical support of 130.50. The bias remains bearish.
technical levels
USD/JPY
Overview | |
---|---|
Last price today | 131.23 |
Today Change Daily | -0.23 |
today’s daily variation | -0.17 |
today’s daily opening | 131.46 |
Trends | |
---|---|
daily SMA20 | 134.76 |
daily SMA50 | 132.51 |
daily SMA100 | 134.78 |
daily SMA200 | 137.43 |
levels | |
---|---|
previous daily high | 133 |
previous daily low | 131 |
Previous Weekly High | 135.12 |
previous weekly low | 131.56 |
Previous Monthly High | 136.92 |
Previous monthly minimum | 128.08 |
Fibonacci daily 38.2 | 131.77 |
Fibonacci 61.8% daily | 132.24 |
Daily Pivot Point S1 | 130.64 |
Daily Pivot Point S2 | 129.83 |
Daily Pivot Point S3 | 128.65 |
Daily Pivot Point R1 | 132.64 |
Daily Pivot Point R2 | 133.82 |
Daily Pivot Point R3 | 134.64 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.