• USD/JPY firmed slightly on Wednesday as dollar recovered some ground as market focus turned to Friday's U.S. payrolls report for clues on the Federal Reserve's next move.
• The dollar fell in the prior session after weak U.S. jobs and services data, with more significant employment figures due Friday.
• On the data front, Japanese real wages fell for the fourth straight month in April, as inflation continued to outpace pay gains, government data showed on Thursday..
• Total average cash earnings rose 2.3% to ¥302,453 ($2,098.04) in April, matching March’s revised increase.
• Immediate resistance is located at 144.35 (38.2%fib), any close above will push the pair towards 146.00(Psychologial level).
• Support is seen at 142.52(38.2%fib) and break below could take the pair towards 141.47(Lower BB).
Recommendation: Good to sell around 143.50, with stop loss of 144.50 and target price of 142.60
