USDJPY NEUTRAL BIAS HEADING INTO PAYROLLS
The US dollar currency remains largely unchanged against the Japanese yen on Friday, ahead of today’s key monthly Nonfarm payrolls job report release. The USDJPY pair is only intraday bullish while trading above the key 112.05 resistance level, while sellers need a higher time frame close below the 111.37 support level to shift the intraday sentiment to bearish.
The USDJPY pair is intraday bullish while trading above the 112.05 level, key resistance above is found at the 112.50 and 112.90 levels.
If the USDJPY pair trades below the 111.37 level, sellers will likely test towards the 111.00 and 110.25 support levels.