USD/JPY Price Forecast: 100-day SMA pivotal support holds the key for bulls ahead of US NFP – FXStreet

The USD/JPY price forecast remains dependent on the pivotal support of the 100-day SMA as bulls look ahead to the US NFP data. The 100-day SMA will be crucial in determining the direction for the bulls in the near future. Traders will closely monitor the support level to gauge the strength of the bullish momentum. The upcoming US NFP data will also play a significant role in shaping the market sentiment. Overall, the USD/JPY pair is poised for potential volatility as traders await key economic data releases.