Market consensus: A number around 185k & Rate unchanged 6.7
**Scenario One: A good number: NFP equals or above 185k AND Rate at or below 6.7. Dollar should rally as that would confirm that December numbers were due to temporarily reasons(weather..)
USDJPY May extend the upside on dollar strength and improved sentiment and hit 102.85 and 103.40.
**Scenario Two: A disappointing number: below 150k AND Rate at or above 6.7 U.S. Dollar should extend losses.
USDJPY may resume the recent wave and hit 100.75 support again.
*I would give more weight to the headline NFP number, less weight to unemployment rate, unless it is a really big change.
*I will avoid a number between 150-185k as it may be a close call, cause hesitation.
*A number less than 50k may trigger risk aversion sentiment again, push the U.S. dollar lower against the JPY but higher.against other currencies