USDJPY chart - Trading View
USD/JPY was trading 0.08% higher on the day at 111.53 at around 09:25 GMT, after closing 0.48% higher in the previous session.
The pair slipped lower from session highs at 111.78, but continues to hold above the 111 handle.
The major failed to capitalize on its early move up to multi-day tops, markets turn cautious ahead of US NFP report.
That said, widening US-Japanese bond yield differential could cap gains for the Japanese yen and limit downside in the pair.
Investors might prefer to wait on the sidelines ahead of Friday's release of the closely-watched US monthly non-farm-payrolls report.
Technical bias for the pair is bullish. 200H MA is strong support at 111.22. Breach below could change near-term dynamics.
