Important events today:

12:30 UTC: USD – Change in non-farm employment.

The Japanese yen (JPY) strengthens against its American counterpart for the third consecutive day on Friday, marking the fifth day of positive movement in the past six, and rises to nearly a three-week high during the Asian session. Speculation that Japanese financial authorities intervened for the second time in a week on Thursday to support the national currency was a key factor supporting the yen. This, along with a tendency to sell the US dollar (USD) following the FOMC meeting, exerts downward pressure on the USD/JPY pair.

However, growing recognition that a large interest rate gap between Japan and the United States (USA) may limit JPY growth. Additionally, the prevailing “risk-on” sentiment, reflected in a generally positive tone in the stock markets, may keep traders from aggressive bullish bets on the safe-haven yen and help limit losses in the USD/JPY pair. Investors may also prefer to step aside in anticipation of today’s detailed US employment data release, known as the non-farm payroll (NFP) report.

Recommendations: Sell on a bounce from the 152.60 level.