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USD/JPY – September highs could be breached on strong US data

OANDA:USDJPY   USD/JPY
Pair’s day end close above 100-DMA on Thursday followed by a rebound from the Asian session low of 103.54 to above 100-DMA by early Europe suggests the September high of 104.32 could be put to test and may be breached if the US wage growth numbers surprise on the higher side along with the non-farm payrolls report.

The upside in this case could be extended t0 105.00-105.50 levels.

On the other hand, a dismal set of US data (especially wage growth number) could yield a corrective move to 103.00 levels.
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