USDJPY is expected to rise today, in the H1 timeframe, the price crosses the middle band line and MA 50 from the downside. Today important economic data awaits the ADP report.
USDJPY rose yesterday because US ADP data was lower than expected, today we are waiting for Unemployment Claims data for USD, forecast 215k, previous 213k.
Today we are waiting for US economic data, NFP, Average Hourly Earnings, and Unemployment Rate which might move the market, USDJPY fell yesterday, but tried to buy stop today.
At the end of the week buy USDJPY hit stop loss, yesterday the NFP data showed a value higher than the forecast which was good for USD, on the other hand the Unemployment Rate also rose 4.2% from the expected 4.1% less good for USD.
Today there is no high impact news that will be released, maybe Monday's market is a bit sluggish, there is still one USDJPY trading position since last week.