USD/JPY chart - Trading View
USD/JPY was trading 0.06% higher on the day at 109.84 at around 06:30 GMT.
The pair trades in tight range with session high at 109.88 and low at 109.74 ahead of the crucial NFP data.
U.S. Labor Department's closely watched employment report on Friday could show nonfarm payrolls surging last month due to seasonal adjustment factors.
According to a Reuters survey of economists, nonfarm payrolls likely increased by 870,000 jobs last month after rising 850,000 in June.
Unemployment rate is seen falling to 5.7% from 5.9%, while average hourly earnings forecast rising 0.3%.
Escalating covid woes and US Senators’ delay in announcing infrastructure spending plan keep risk sentiment sour.
Technical analysis shows a slight bullish shift on the intraday charts. Price action has edged above 200H MA.
Pullback has bounced off 110-EMA support and has retraced into daily cloud. Bulls are testing resistance at 21-EMA, break above will fuel further gains.


FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Pair levels and bias summary 



