USD/JPY extended its losses for the third consecutive day, hitting a four-week low of 142.85, yet traders lifted the pair, which closed Thursday's session with losses of 0.21%.
USD/JPY remains pressured near 143.39, with momentum indicators favoring a bearish continuation toward 143.00 and 142.50 support levels. Failure to decisively clear 143.44 may offer a recovery opportunity for USD bulls if US Nonfarm Payrolls data impresses. Key resistance sits at 145.03 , with further hurdles at 145.73 and the 150.00 figure. USD/JPY extended its losses for the third consecutive day, hitting a four-week low of 142.
This would be followed by the current week's low of 142.85, ahead of key psychological levels, the 142.50 mark and 142.00. Conversely, an upbeat US jobs report will expose key resistance levels. First, the Tenkan-Sen will be at 145.03, followed by the Kijun-Sen at 145.73, before reclaiming the 150.00 figure above the latest cycle high of 149.39.
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