Important events today:
13:30 UTC – US: Nonfarm payrolls change.

On the one hand, we can expect lower quotes today amid negative macroeconomic statistics from the United States on the labor market. The Non-Farm report is unlikely to please traders with strong data, as the industrial employment in the states is declining and jobless claims are growing. The ADP jobs report, which is scheduled for the first half of the month, is also weak.

On the other hand, the U.S. stock market is now trading at a 2-month high, which might encourage traders to go long in the currency pair, since USDJPY is historically highly correlated to the SP500.

Recommendations: flat 134.45 – 135.70.