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FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
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• USD/JPY eased slightly on Friday as traders awaited the U.S. nonfarm payrolls report for fresh direction.
• The monthly U.S. payrolls report, due later on Friday, could provide more clues on the Fed's rate path.
• Immediate resistance is located at 158.61(Daily high), any close above will push the pair towards 159.50 (50%fib).
• Support is seen at 157.66 (38.2%fib) and break below could take the pair towards 156.55(Lower BB).
Recommendation: Good to sell around 158.60, with stop loss of 159.50 and target price of 158.00