USDJPY gets a lift as Japanese traders come back to play

USDJPY slightly higher today but it’s still slow going

USDJPY high at 112.78 put in on buying at the Tokyo fix
FOMC minutes brought modest upside moves but has been traded out
Vols still very low. Currently 1m ATM vols 6.25
Old S&R level at 112.50 becoming pivotal once again, and currently support. 200 H4MA at 112.54, 100 H1MA at 112.56
112.65/70 marks minor resistance against the high now
Tech resistance around 113.00 still in place but edges a touch lower. 55 & 100 H4MA’s, 200 H1MA & 55 DMA all at 112.93
Support under 112.50 comes in around yesterdays broken intraday highs at 112.35/40. 55 H1MA at 112.38
55 & 200 WMA’s sit close at 112.28/33. They’re importnat on a weekly basis as we haven’t seen a weekly close below since 19th Nov, and that was fleeting. Early Sep was the last time we stayed below the 200 WMA. Something to watch for this week
112.20 was support into yesterdays ISM data
112.00 remains strong support and a triple bottom since Dec 6th. 100 DMA 112.00
US jobs data needs watching. Challenger layoffs 12.30 GMT followed by ADP 13.15 (190k exp vs 190k prior) & jobless claims 13.30 (240k exp vs 245k prior). No lock up for jobless claims
Main focus is on NFP tomorrow