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Forex: USD/JPY holds above the 96.00 ahead NFP

FXstreet.com (San Francisco) - After easing from highs at 97.20, the USD/JPY has retreated to consolidate between 96.00 and 96.40 in the European session and ahead the NonFarm payrolls and employment report. Currently the pair is trading at 96.13, 0.15% below opening price action.

Pair is slightly bearish according to the Fxstreet.com trend index. Indicators such as CCI and Momentum are bearish while the MACD is neutral and the Stochastic is bullish in the 1-hour chart.

Ahead NFP, BK's analyst Kathy Lien points that the "NFP forecast is 190K." and she agrees that the market "need 225K+ to be USD/JPY positive and less than 150K to be substantially USD/JPY negative."

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