USD/JPY: risks firmly to the downside still - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained the USD/JPY pair has seen little action this Thursday hovering a few pips above the 101.00 level for most of the day, and pretty much ignoring what was going on in the rest of the financial world.

Key Quotes:

"The pair tends to enter wait-and-see mode ahead of the US Nonfarm Payroll report, and that's exactly what happened. The fact that stocks surged strongly in Asia and Europe, while the yen hold to its latest strength, clearly indicates that the risk for the yen remains towards the upside."