USD/JPY is trading flat around 107.30 today ahead of NFP.
The pair is facing now resustance at 107.67 while the downside is supported by
USD/JPY retreated from the highs and closed
the week around 106.90. The pair was set under huge pressure after the
disappointing NFP data and the current weakness might drag it towards 106.00
USD/JPY moved higher today but yet remains capped by last
week’s high. Bulls would hardly march towards 107.50 given the neutral
indicators on the four hour time frame.