What are the key technical levels in play for USDJPY through the US jobs report

<p>Tomorrow the key US jobs report will be released at 8:30 AM. For a preview, see Adam's post <a href="https://www.forexlive.com/news/non-farm-payrolls-preview-jobs-report-set-to-land-in-a-fragile-market-20231005/" target="_blank" rel="follow">HERE</a>. </p><p>Depending on how that report comes out will likely lead to a move in rates. A stronger report will send US rates higher, while a weaker report will send the US rates lower. The USDJPY traditionally falls along with the moves in rates. </p><ul><li>Higher rates = higher USDJPY. </li><li>Lower rates = lower USDJPY</li></ul><p>In this video, I take a look at the key technical levels on the top and bottom side for the pair. I use the 50% midpoint of the move up from the September 21 low at 148.73 as a proxy for bullish or bearish. Move above the 50% retracement level, and the bias moves more to the upside. Stay below the 50% retracement, and the bias remains negative. </p>

This article was written by Greg Michalowski at www.forexlive.com.