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    USD/JPY weaker, around 100.60 ahead of NFP Pablo Piovano

    The Japanese Yen continues its march north this week, now sending USD/JPY to the area of 100.70/80.USD/JPY supported at 100.00The pair has briefly dipped to the psychological support at 100.00 the figure earlier in the session, although its has managed to pick up some pace afterwards.Usual rumours of potential FX intervention by the BoJ at/around recent lows near the 99.00 handle are already lingering over markets and could cap further losses.Ahead in the session, cautiousness is expected to pick up pace ahead of the release of US Non-farm Payrolls. Market consensus expects the US economy to have added 175K jobs during June after May’s miserable 38K print.USD/JPY levels to considerAs of writing the pair is retreating 0.09% at 100.69 facing the immediate support at 99.08 (2016 low Jun.24) ahead of 96.55 (monthly low Oct. 8 2013) and then 95.70 (monthly low Aug.8 2013). On the flip side, a break above 103.44 (20-day sma) would aim for 103.81 (38.2% Fibo of the June decline) and finally 106.85 (high Jun.24).


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