USD/JPY Forecast June 3, 2016, Technical Analysis

The USD/JPY pair fell significantly during the day on Thursday again, but there is still quite a bit of support at the 108.50 level, and as a result we did bounce a bit. Ultimately, this is a market that’s going to be very volatile today due to the fact that the Nonfarm Payroll Numbers come out during the day. At this point in time, I more comfortable simply waiting to see what the daily candle presents before putting any type of money into this marketplace. Regardless what happens, one thing you can count on is that it’s going to be choppy.