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  • USD/JPY is stabilizing near the 108.00 handle. 
  • The level to beat for bulls is the 108.70 resistance.
  • US Nonfarm Payrolls plummeted by 701K in March.
 

USD/JPY daily chart

 
USD/JPY is stabilizing near the 108.00 handle while challenging the 200 SMA on the daily chart. US Nonfarm Payrolls plummeted by 701K in March however the news was no news and it was essentially a non-event.
 

USD/JPY four-hour chart

 
USD/JPY is nearing the 108.70 resistance near the main SMAs on the four-hour chart as buyers are looking for a break beyond the above-mentioned level en route to the 110.00 and 111.70 resistance levels on the way up while support can emerge near the 108.00, 107.00 and 105.00 levels. 
 

Additional key levels