A decline in quotes to the area of the psychological level 110.00 should be used to open Buy positions. The United States can delight us with positive labor market reporting. The Non-Farm indicator may come out at the level of 700-800 thousand, which is better than the median of the forecasts.

In the US, the trend of reduction in claims for unemployment benefits remains, indicating a strong labor market. This factor will have a positive influence on the capitalization of the American stock market, which in turn will encourage investors to increase longs in the USDJPY pair, inasmuch as this currency pair is historically correlated with the S&P500 index.

Trading recommendation: Buy 110.00/109.75 and take profit 110.54.