It is desirable to use the decline in quotes in this currency pair to open Buy positions. The US Department of Labor reported a decrease in the number of applications for unemployment benefits – over the past week, the rate of repeated applications was 4.41 million, which is the lowest level in the last eleven months.

Let me remind you that before the pandemic this figure was 1.7 million. The positive statistics on employment allows us to expect the continuation of the upward trend in the US stock market, which will support USDJPY, inasmuch as the instruments are correlated.

Investment idea: Buy 105.80/105.59 and take profit 106.25.