USD/JPY Tightens Around 160.00 as NFP Report Looms

On June 5, USD/JPY consolidates in a tight range around the psychological 160.00 level in European trading, with momentum pausing ahead of the US Nonfarm Payrolls release. The pair remains above its 20-day EMA at 159.23 and 14-day RSI near 61, preserving a constructive bullish bias following choppy testing of 160.00 resistance on June 4. Immediate support sits at 159.50 and resistance at 160.50; a break higher could target 161.00 while NFP consensus of 85K jobs, 4.3% unemployment and 3.4% wage growth is expected to dictate near-term Fed expectations and drive volatility.