FXstreet.com (Barcelona) - The Dollar's decline against the Yen from 89.45 after the NFP data has bounced at 88.60 level and USD/JPY has risen quickly to trade above 89.00, break 89.40 resistance, 89.60 MA55 hourly chart and post 89.90 as fresh intra-day high.
Currently the pair is trading around89.70/80, 0.20% above today's opening price action after recovering previous losses.
According to Tomas Cedavicius, USD/JPY selling remains under Support level at 89.20: USDJPY Negative trend remains, selling options are still good to take under support level.
The ecPulse.com analysis team comments: The U.S. dollar and Japanese yen strengthened today after the U.S. jobs report, which raised concerns after employers shed jobs more than expectations, enhancing demand on lower-yielding assets. However, after news that the dollar retreated to 76.97, after touching high of 77.46; according to the dollar index, which tracks the dollar movements versus a basket of major currencies. The dollar is currently sliding, retracing its previous gains.