Investing.com - The U.S. dollar was steady against the yen on Monday, as Friday’s strong U.S. employment data supported the greenback, but markets remained on alert for any signs of a yen weakening intervention by Japanese authorities.
USD/JPY hit 76.50 during late Asian trade, the session low; the pair subsequently consolidated at 76.61, inching up 0.02%.
The pair was likely to find support at 76.21, the low of January 30 and resistance at 76.79, the session high.
On Friday, official data showed that the U.S. economy added 243,000 new jobs last month, the fastest increase in nine months, bringing the unemployment rate down to a three-year low of 8.3%.
Markets remained on the alert for signs of a yen selling intervention after the dollar’s recent decline to within striking distance of the pair’s post-war low prompted Japanese officials to warn that they were prepared to take "decisive measures" to curb the appreciation of the yen.
But demand for the safe haven yen remained supported ahead of the deadline for Greece to accept a set of terms required to secure a second bailout deal later in the day.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
The yen was stronger against the euro, with EUR/JPY shedding 0.44% to hit 100.34.
Later in the day, the euro zone was to publish a report on investor confidence, while Germany was to publish official data on factory orders.
USD/JPY hit 76.50 during late Asian trade, the session low; the pair subsequently consolidated at 76.61, inching up 0.02%.
The pair was likely to find support at 76.21, the low of January 30 and resistance at 76.79, the session high.
On Friday, official data showed that the U.S. economy added 243,000 new jobs last month, the fastest increase in nine months, bringing the unemployment rate down to a three-year low of 8.3%.
Markets remained on the alert for signs of a yen selling intervention after the dollar’s recent decline to within striking distance of the pair’s post-war low prompted Japanese officials to warn that they were prepared to take "decisive measures" to curb the appreciation of the yen.
But demand for the safe haven yen remained supported ahead of the deadline for Greece to accept a set of terms required to secure a second bailout deal later in the day.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
The yen was stronger against the euro, with EUR/JPY shedding 0.44% to hit 100.34.
Later in the day, the euro zone was to publish a report on investor confidence, while Germany was to publish official data on factory orders.