NS: US markets, lower after mixed jobless data; Dollar and Yen stronger
FXstreet.com (Barcelona) - US markets are turning lower after a flat opening, following a mixed employment report with Non-Farm payrolls still negative yet with a lower unemployment rate. Dollar and Yen remain trading at high levels.
Dow Jones Industrials Index dips 0.35% while the Nasdaq Index trades 0.25% down, and the S&P Index dips 0.4% in the first minutes after the opening bell.
On te macroeconomic domain, US non-farm payrolls have declined by 20,000 persons in January, against market expectations of a 15,000 to 20,000 increase, while claims for December have been revised to a 150,00 decline from the 85,000 drop previously estimated.
Nevertheless, the unemployment rate unexpectedly falling to 9.7%, its lowest level since August of last year, from 10.0 in December, beating market expectations that called for a 1.0% rate.
Dollar and Yen at high levels
GBP/USD is pulling lower on early US session as the pair broke below 1.5650 support level, extending its decline fro 1.6070 to a fresh 8-month low at 1.5610 so far.
EUR/USD decline from Wednesday's high at 1.4025 has found support at 1.3650 8-month low, and the pair attempted to pick up after US employment data, but, capped by resistance at1.3645, the pair has pulled back to levels below 1.3700 and approaches session low at 1.3650 at the moment of writing.
USD/JPY declined on Thursday extending its pullback from 91.30 high on Wednesday to a 6-week low at 88.50, before bouncing back to consolidate between 89.35 and 89.80 during the day so far.