Dollar/yen did not go anywhere fast. The US dollar did make some gains and the pair hit resistance at 113.50, but it then retreated and ended the week in the same place. The rises were driven by good economic data but fresh worries about North Korea supported the yen. USD/JPY fundamental movers Good US data despite messy NFP The all-important Non-Farm Payrolls was messy due to the hurricanes: America lost 33K jobs, a drop in the number of employed for the first time since 2010. On the other hand, earnings rose in September and were also revised to the upside, providing a significant piece of good news. Politics were somewhat on the backburner, at least when it comes to scandals (USD negative) and tax reform (USD positive). Fed speakers that spoke out did not seem worried about low inflation. In Japan, rumors about yet another North Korean missile test gave a boost to the safe-haven yen. The snap elections are getting closer and newly formed party of Tokyo’s governor is eating away at Abe’s big lead. Inflation, the Fed minutes and the consumer Jobs are looking good and inflation remains a “mystery” according to the Fed. We will get an updated snapshot at inflation with PPI and CPI. A look at the American consumer will be provided by retail sales and the University of Michigan’s consumer sentiment measure. And apart from a raft of Fed speakers, the FOMC minutes from the September meeting will provide insights. See all the main events in the Forex Weekly Outlook Key news updates for USD/JPY [do action=”autoupdate” tag=”USDJPYUpdate”/]USD/JPY Technical Analysis 113.50 was a temporary line of resistance on the way up in July. 113.70 was a separator of ranges in June. 112.20 used to be important in the past. It is closely followed by 111.80, which capped the pair in May. The swing high of early September at 111.30 serves as another point of interest. Looking down, 110.70 was a separator of ranges in June and remains important. 109.60 was a gap line in late April, a gap that was never closed. In June, the pair found support several times at 109.10 and this also works as support. Further below, the cycle low of 108.10 is of high importance. The trough of 107.35 seen in early September serves as another cushion on the way down. USD/JPY Daily Chart USD/JPY Sentiment I remain bearish on USD/JPY The dollar is up across the board but not against the yen. This is a bearish sign. Our latest podcast is titled Good, bad and ugly NFP, Catalan crisis update Further reading: EUR/USD forecast – for everything related to the euro. GBP/USD forecast – Pound/dollar projections AUD/USD forecast – analysis for the Aussie dollar. USD/CAD forecast – Canadian dollar predictions Safe trading! Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam MajorsUSD JPY Forecast share Read Next Can AUD/USD bounce from the lows? Yohay Elam 4 years Dollar/yen did not go anywhere fast. The US dollar did make some gains and the pair hit resistance at 113.50, but it then retreated and ended the week in the same place. The rises were driven by good economic data but fresh worries about North Korea supported the yen. USD/JPY fundamental movers Good US data despite messy NFP The all-important Non-Farm Payrolls was messy due to the hurricanes: America lost 33K jobs, a drop in the number of employed for the first time since 2010. On the other hand, earnings rose in September and were also revised to the… Top 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.