USDJPY USDJPY retreat from 2 month high ahead of U.S Jobs Report on Friday.USD/JPY traded @109.163 with high volume and climbed up tp 110.03 as expectation of FED rate hikes in June.
However, USD/JPY have thin trade @110.03 with low volumes and reject from this level as
SPX Futures report losses.USD/JPY highle correlated to
SPX and 
DJI.USD/JPY may be retrace to 108.00 where low volume level and could rebound to high volume level.
The pair hit new low in March 23 but ROC (momentum indicator) rise and value crossed zero level. There is a bullish divergence has occurred.
Short @ 109.50
Target @ 108
Cut @ 110.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.