USDJPY (112.84): The USDJPY has remained steady near the 112.88 – 113.00 level for the past few sessions. This marks the long term test of the falling trend line as well which is currently acting as a dynamic resistance. A breakout off this level can only come by on an improved sentiment in the U.S. dollar. This coincides with today’s payrolls report. However, a disappointing payrolls data despite the short term influence of the hurricanes could see the USDJPY remain range bound with the downside bias seeing a test of 111.74 support
