USD/JPY sticks to intraday gains, remains below mid-113.00s ahead of NFP

December 5, 2021

USD/JPY added to the previous day’s gains and edged higher for the second straight day. Improving global risk sentiment undermined the safe-haven JPY and remained supportive. Retreating US bond yields capped gains for the USD and the pair ahead of the NFP report.

The USD/JPY pair maintained its bid tone heading into the North American session and was last seen trading just a few pips below the daily high, around the 113.35-40 region.

The pair gained some positive traction for the second successive day on Friday and built on the overnight bounce from the vicinity of mid-112.00s, or the lowest level since October 11.