- The dollar falls on Friday as commodities and stocks rise.
- USDJPY bearish in the very short term, but within the weekly range.
- At 12:30 GMT the official US employment report for October will be released.
USDJPY moves in a negative trend on Friday ahead of key US data. The pair fell to 147.52, marking a low for the day, and then bounced back to 147.85.
The dollar it looks weak and falls against most of its rivals on Friday, even as Treasury yields remain stable near recent highs. Equity and commodity markets are rising which is contributing to dollar weakness.
The focus is on the US employment report to be published at 12:30 GMT. The market consensus is for an increase in non-farm payrolls of 200,000 and for the unemployment rate to go from 3.5% to 3.6%. The figures are expected to have a high impact on the market.
The USDJPY hits the data moving with no clear direction, in a wide range between 147.00 and 149.00. The exit of the same, to the upside, could lead to a test of 150.00; while in the opposite direction, a consolidation below 147.00 would expose key short-term support in the 145.00 area.
Technical levels
Source: Fx Street
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