The USD/JPY pair performed well at the end of the week due to the good results in job creation in the United States. The USD/JPY pair exceeded the 110.00 Yen barrier. For the next week, US CPI and PPI data can provide fresh impetus to the pair. In Japan, household spending fell more than expected. In the second half of the week, the USD/JPY weekly trend analysis changed its trend and generated strong gains, especially after the good economic results presented in the US NFP report on Friday. Job creation in July far exceeded expectations. A total of 943,000 new jobs were created, well above the 870,000 expected number. Additionally, the May and June corrections totaled 119,000 for a total of 1,062,000 new jobs. –Are you interested to learn more about automated forex trading? Check our detailed guide- Along the same lines, both the unemployment rate and annual wages improved their indicators, which gave a boost to the US economy and, in turn, boosted the USD/JPY pair. The country’s unemployment rate fell to 5.4%, reducing this indicator by 0.5% from the 5.9% registered in June, much better than the 0.2% expected for this month. As for annual salaries, they improved by 4%, above the 3.7% increase in June. The underemployment rate also fell to 9.2% from 9.8% previously. Get FREE Forex Signals Now! The pair responded immediately to the announcements and rose above the 110.00 barrier. On behalf of the Japanese economy, spending is limited by restrictions due to new Covid-19 cases in the country. In this sense, spending decreased by 5.1% from June 2020 to June of this year, well below the 0.1% estimated. Upcoming Events The consumer price index (CPI) will be released on Wednesday, followed by PPI data on Thursday. The US CPI is expected to decline to 0.5% against June’s 0.9% figure. The Fed policy directly depends on it. The good results of these indexes will further strengthen the US dollar. –Are you interested to learn more about forex signals? Check our detailed guide- USD/JPY technical analysis: Bulls sustaining beyond 110.00 During the session on Friday, the USD/JPY surpassed the barrier of the 50-day moving average and the psychological barrier of 110.00. These levels now become support zones. The new resistance lines are 111.00 and 111.50. Above is the cap of March 2020 swing high (111.97 Yen). USD/JPY weekly analysis – daily chart USD/JPY weekly forecast: Sideways movements between 108.50 and 111.75 The current level of the market has been tested several times, and that presents strong resistance above 110.75. The market may try again to overcome the 110.75 barrier, but it can rebound and consolidate gains. So, the price may keep oscillating between 108.50 and 111.75 Yen. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal USD JPY ForecastWeekly Forex Forecasts share Read Next Dogecoin Price Prediction: Time To Buy DOGE As It Starts Rise? Gerald Fenech 1 year The USD/JPY pair performed well at the end of the week due to the good results in job creation in the United States. The USD/JPY pair exceeded the 110.00 Yen barrier. For the next week, US CPI and PPI data can provide fresh impetus to the pair. In Japan, household spending fell more than expected. In the second half of the week, the USD/JPY weekly trend analysis changed its trend and generated strong gains, especially after the good economic results presented in the US NFP report on Friday. Job creation in July far exceeded expectations. A total of 943,000 new… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.