- USD / JPY is slowly climbing at the start of the American session on Friday.
- The 10-year US Treasury yield posted small daily gains of around 1.70%.
- Nonfarm payrolls in the US increased by 916,000 in March.
After spending the last few hours within a very tight range near 110.50, USD / JPY has gained traction and reached a daily high of 110.68 the start of the American session.
United States Records Impressive Job Growth in March
Monthly data released by the U.S. Bureau of Labor Statistics on Friday showed that NFP nonfarm payrolls increased by 916,000 new jobs in March. This reading beat the market expectation of 647,000 by a wide margin. Additionally, the February reading was revised to 468,000 from 379,000.
Although the Market reaction was largely subdued amid the Easter holidaysThe 10-year US Treasury yield, which lost more than 4% on Thursday, turned positive on the day near 1.70% and helped the USD find some demand. At the moment, the DXY US Dollar Index is moving slightly higher on the day at 92.95.
The US stock markets. they will remain closed on Good Friday and the bond market will close at 16:00 GMT, suggesting that USD / JPY is unlikely to make a decisive move in either direction before the weekend.
USD / JPY technical levels
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