USD/JPY

Key levels to watch for:
Support: 99.51; 98.96;
Resistance: 101.16; 102.65.

The dollar registered a neutral session against the yen on Thursday. The pair traded in a narrow range, the difference between the highest and lowest value for the day was only 32 pips. Trade was open by a rate of 100.43, and the finish line was crossed at a price of 100.53, if the positive momentum from Wednesday continues in future, the couple will overcome the resistance at 101.16.

The US dollar was down against the Japanese Yen on Friday. By the end of the trading session USD/JPY was traded at 100.45, shedding 0.08%.
I believe that support is now at around 99.91, Tuesday's low, and resistance will be at the level of 100.94 - a maximum of Monday.

Bullish here.

The risk remains on the upside, but on the downside critical support level can be seen around 101.00 level.

Jump due to some of the japanese 'do everything to raise inflation' talks. They have had a tendency to just pass as the japanese don't react.

The US dollar was down against the Japanese Yen on Friday. By the close of Asian session USD/JPY was trading at 103.21, shedding 0.01%.
I believe that the support is now located at around 101.73, Tuesday's low, and resistance is at the level of 104,00 - the maximum of Thursday.

Todays direction will likely be dicated by the NFP, a disapointment will fuel a JPY boost. Likely opening up a 101 level in next week. While a strong NFP might open 105 levels.

There is the disappointing ISM data. But NFP is still lagging a bit on the ADP.

USD/JPY
The pair broke a two-day positive series on Thursday after failing to overcome the psychological barrier at 104.00. The US dollar fell by about 20 pips to a closing price of 103.22 but managed to remain profitable since the beginning of the week. The bottom of the session was reached at 103.05. The price remains above the rising moving averages, but RSI lost positions, putting the Bulls to the test.

Key levels to watch for:
Support: 103.05; 101.65; 100.80;
Resistance: 103.95; 105.30; 107.90.

The USDJPY had a bearish momentum yesterday bottomed at 103.14. The bias is bearish in nearest term testing 102.50 as we may have a false break (above 104.00) bearish scenario. On the upside, a clear break and daily close above 104.00 would expose 105.00/50 before targeting 106.75. On the downside, a clear break and daily close below 102.50 would reactivate my bearish mode. My major technical outlook remains bearish.

Devhuti posted:
The USDJPY had a bearish momentum yesterday bottomed at 120.15. The bias remains bearish in nearest term testing 119.50 as a part of the false breakout (above 121.30)bearish scenario. Immediate resistance is seen around 120.55. A clear break above that area could lead price to neutral zone in nearest term retesting 121.30 key resistance which remains a good place to sell with a tight stop loss. Fundamental focus will be on the FOMC statement which expected to be a market catalyst

Its on the buy side now and it will go up a ways

Dollar/yen continued downward momentum yesterday, bottomed at 101.92 and hitting 101.18 earlier today. Commercial bias remains bearish for test of 100.70 as part of the bearish scenario of false breakout (above 104.00). A clear break and daily close below 100.70 could trigger further downside pressure for testing 99.50. Immediate resistance is at 102.00. A clear break above that area could lead price to neutral trading zone but overall I remain in the camp of bears.

The US dollar registered a decline against the yen on Tuesday. The session started at 103.40 and finished 140 pips lower. The pair bounced off the resistance at 103.70 and managed to break the support at 102.57. Daily extreme values were reached respectively at 103.80 and 101.93. If prices continue to fall, the dollar will be directed towards support at 101.20.

Key levels to watch for:
Support: 101.20; 99.85;
Resistance: 102.57; 103.70; 104.10.

Merrill Lynch advises purchases of USD/JPY.

USD/JPY fell after the ISM index of business activity in the services sector replicate the success of the index in the manufacturing sector in the US, analysts say.
At the same time offers to buy about a hundred continue to act as support and attempts to restore of the pair wear sluggish nature and risk of breaking down seems considerable, the analyst added.
In this scenario, attention will shift towards 101.75/69 and 101, they concluded.

Dependig on BoJ, the pair could revisit 100 mark easily. All poor data from around the globe makes the JPY pretty attractive.

I agree, especially if the pair breaks below 101.50.

It has been confined within a downtrend for 10 months, 100 and under is likely.