US forex markets nervous as jobs data loomsUS forex markets nervous as jobs data loomsUS forex markets nervous as jobs data looms

The USD/JPY pair jumped toward 108.00 on the back of optimism regarding high-level trade talks between US and Chinese officials. Also, the las latest headlines regarding Brexit contributed to the positive tone around markets. In Wall Street, the DOW JONES is rising 0.80% while the NASDAQ climbs 0.87% as trade talks kicked off in Washington. The Chinese Vice Premier Liu He met with US Trade Representative Lighthizer and Treasury Secretary Mnuchin. So far, no details were made public, but optimism about a potential agreement boosted equity prices. US bond yields are rising sharply. The 10-year rose from 1.56% to 1.65%, reaching the highest in more than a week. The move in the bond market and risk appetite weakened the Yen that is among the worst performers. On the opposite, the Pound is rocketing following reports that the UK and the European Union inch closer to a Brexit agreement.Despite the rally in USD/JPY, the US Dollar is falling across the board, amid an improvement in risk sentiment. Also the Swiss Franc and Gold are lower. The pair peaked at 107.97 and then pulled back modestly. As of writing, trades at 107.90, up 45 pips for the day. It climbed back above the 20 and 100-day moving averages that stands around 107.60. A consolidation above 108.00 would point to further gains for the US Dollar. The bullish short-term outlook is likely to remain in place as long as it holds on top of 107.40. Above 108.00, the next strong resistance is located at 108.45/50 (September and October highs). Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Trendin Graphs forex broker) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Asset Gates forex broker Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .