The US dollar has found itself to be testing the massive support at the 142 yen level, as it looks like we are trying to form a double bottom. Also, there’s a trendline there as well, so this all comes together for a major area of importance.

The USD/JPY pair attracts some buyers for the second straight day on Tuesday and trades around mid-143.00s during the first half of the European session. Spot prices, however, lack bullish conviction and remain below the overnight swing high as traders prefer to wait on the sidelines ahead of the crucial US inflation figures this week.

The USD/JPY forecast shows a slight recovery in the pair from Friday’s plunge as the yen loses some of its shine.

The US dollar continues to see a lot of support near the 142 yen level and has bounced from there during the trading session on Monday. This is an area that also has a major trend line slicing through it,

The USD/JPY extended its losses late on Friday's North American session, bolstered by the losses of the yield of the US 10-year T-note. The Greenback recovered some ground against most G8 FX currencies,

USD/JPY hovered near a one-month low on Friday as investors awaited highly-anticipated August US jobs report. Analysts anticipate an increase of 165,000 new jobs and a decline in the unemployment rate to 4.

The last week has seen a significant amount of selling pressure in the USD/JPY pair, but at this point, we are hanging onto the trend by a thread, with the longer-term trendline being strong so far. With this,

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against the greenback this week.