FXStreet (San Francisco) - After reacting pretty unclear following the US employment report, the USD/JPY turned positive on the day and now it's testing daily highs around 102.60.
Currently, USD/JPY is trading at 102.56, up 0.14% on the day, having posted a daily high at 102.63 and low at 102.11. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
"Now we're rising for no particular reason, with USD/JPY storming higher after washing out stops below 102.25. Post-payrolls highs of 102.54 are threatened as we write," Jamie Coleman from FXbeat commented.