USD/JPY consolidates in a range below mid-150.00s, looks to US NFP for fresh impetus

The USD/JPY pair struggles to build on the overnight modest bounce from the 149.

USD/JPY remains confined in a narrow range through the Asian session on Friday. Traders opt to wait on the sidelines ahead of the crucial US monthly jobs report. The divergent Fed-BoJ policy outlook continues to act as a tailwind for the major. 85-149.80 region and oscillates in a narrow trading band during the Asian session on Friday. Spot prices currently trade just below mid-150.

Furthermore, market participants opt to remain on the sidelines and wait for the release of the closely-watched US monthly employment details, or the NFP report, due later during the early North American session. The downside for the USD/JPY, however, seems limited in the wake of a dovish stance adopted by the Bank of Japan .

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