On Monday, 11th of July, the key currency pair EUR/USD trades on negative area. Currently, the pair trades near to the level of 1.1020 by losing 0.2%.
The American dollar got support thanks to the strong data from the US Labor market.
As Reuters reports, “Job creation in June was much stronger than expected, increasing by 287,000 and easing fears that the U.S. labor market may be faltering.
However, the report did not change the view that the Fed may not hike rates this year, particularly after May payroll growth was revised down to 11,000 from 38,000.”
The resistance levels for the Euro are 1.1057 and 1.1085
The support levels for the EUR/USD are following 1.1020 and 1.0970
This morning, the USD/JPY pair trades near to the mark of 102 yen per dollar, adding over 1%.
The Japanese yen fall amid an improvement in investor risk appetite following a surge in Tokyo stocks, but traders said the greenback will be capped longer term by views the Federal Reserve will remain cautious on interest rates.
"We still see the yen appreciating in the medium to long term, but for the moment we see the market focusing on Bank of Japan's policy and Japan's fiscal stimulus plans now that the Japanese elections are over," said Shin Kadota, chief Japan FX strategist at Barclays in Tokyo.
The resistance levels for the yen are 102.150 and 102.815
The support levels for the USD/JPY are following 101.420 and 100.800