Intraday Forex Friday, September 4 (USDJPY, EURUSD, & etc.) Dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data.


Hi everyone. This observation is made around 4:00 UTC today. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asia’s stock markets slipped on Friday, following the steepest Wall Street selloff since June, with deeper worries that the fall might turn into a greater decline, with a crucial U.S. payrolls report due later seen as possible selling trigger if it disappoints.
U.S. economic growth and speculation that the Federal Reserve will keep rates low for a very long time also weighting the currency's movement

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  • The safe-haven Japanese yen changed hands at 106.183 per dollar after it strengthened yesterday.
  • Prime Minister candidate Suga promised to maintain outgoing Prime Minister Abe's ultra-easy monetary policies.
  • USD/JPY also found support on comments from BOJ Board member Kataoka, who said Thursday that the BOJ needs to show resolve to stop price declines and that "aggressive bond-buying to lower interest rates is appropriate."
Important Levels to Watch for Today:
  • Resistance line of 106.574 and 106.809.
  • Support line of 105.814 and 105.579.

  • The euro has steadied after several days of selling and held at $1.1845 in Asia on Friday.
  • EUR/USD was under pressure on speculation Thursday that the ECB may consider additional easing measures to keep the euro from appreciating.
  • The Financial Times reported that several members of the ECB's Governing Council are concerned that the recent rally in the pair to a 2-1/4 year high will weigh on exports and bring down prices.
Important Levels to Watch for:
  • Resistance line of 1.18605 and 1.19085.
  • Support line of 1.18013 and 1.17533.

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