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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY entered in a consolidative phase during the European session as the 200-hour SMA halted the advance.

As investors gear up for the US nonfarm payrolls with consensus pointing for a 180K gain, the USD/JPY settled in a tight range in the lower 102's, where it has spent the last hours. At time of writing, the USD/JPY is trading at the 102.10 area, recording a 0.3% gain on the day, having peaked at 102.21.

USD/JPY technical outlook

From a technical perspective, Stoyan Mihaylov, analyst at noted "The outlook is still bearish, for 100.50 major support. Only a violation of 102.82 high will signal a reversal of the slide from 103.36 peak".
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