USD/JPY chart - Trading View
USD/JPY was trading marginally higher at 109.18 at around 04:10 GMT, caution prevails ahead of crucial NFP data.
Initial Jobless Claims on Thursday was higher at 1877K vs. the 1843K estimate with a slight revision higher to the prior week.
Earlier in the week, ADP employment report for May was better-than-expected with a -2.760m decline (vs. -9m expected). The extent of the job losses the prior month was also revised lower.
Today's key Nonfarm Payrolls data (scheduled at 12:30 GMT) is expected to show a further deterioration in the state of the US labour market.
Technical analysis supports gains in the pair. Price action is extending gains above 200-DMA and cloud.
Oscillators are at oversold, but no major signs of reversal seen. Weekly charts also support upside continuation.
Dips could be used to go long in the pair. Next immediate hurdle lies at 61.8% Fib at 109.52. Weakness only on retrace below 200-DMA.


FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds 



