The USD/JPY pair continues its consolidation on the Forex after having slowed her bounce around 113.
In fact, after having posted a strong rally since the area of 107.30, USD/JPY marks a pause in the resistance of 113.20.
A range 112.30/113.20 took shape, in which we are evolving even now.
The movement may continue until the NFP tomorrow, so we back to the lower bound of the range.
Below 112.30, a downward correction could take place, with target at 112.00 and 111.60 in a first time.
With a catalyst declines, the movement may then continue in the direction of 111.00/110.75.
Has the upside, first barriers are to 112.85/113.00, but it will have to break above the recent highs to 113.20 to resume the rally to the upside.
The publication of the NFP tomorrow could be the decisive factor for USD/JPY in the prospect of a break of the range of 112.30/113.20.
The pair USD/JPY is currently trading at 112.45 on the Forex.
Chart USD/JPY H1