USD/JPY closer to 110.00 ahead of US payrolls

• Spot trades just below the 110.00 handle.
• US 10-year yields around 2.80%.
• US NFP next of relevance.

The greenback keeps trading in the positive footing vs. its  main competitors at the end of the week, now lifting USD/JPY to levels just below the critical 110.00 limestone.

USD/JPY looks to NFP, yields

The pair is climbing to fresh multi-day tops near the 110.00 handle on Friday, recording at the same time its third consecutive day with gains.

Spot is moving higher on the back of a positive developments in the US money markets, particularly yields in the U-10 year reference, which have clinched the 2.80% neighbourhood, levels last seen in April 2014.

In addition, BoJ officials have reasserted as of late the ultra-accommodative stance from the central bank, adding to the offered bias around the Japanese safe haven currency.

Later in the session, all eyes should be on the publication of US non-farm payrolls for the month of January, expected at 180K.

USD/JPY levels to consider

As of writing the pair is gaining 0.43% at 109.88 and a breakout of 110.55 (21-day sma) would open the door to 111.50 (high Jan.18) and finally 111.73 (200-day sma). On the flip side, the next down barrier aligns at 108.28 (2018 low Jan.26) followed by 108.11 (low Apr.17 20170 and then 107.33 (low Sep.8).