USD/JPY Volatility Continues as Traders Eye US Jobs Report

The US jobs report today will be closely watched by traders, as it may influence the Federal Reserve's decision on interest rates. The Fed's Waller said that next week's CPI data could determine whether he votes for a rate hike or hold.

Expectations are for a +55k print in the NFP report, following last month's surprise -23k reading. A stronger-than-expected result could send the dollar higher again, with potential targets around 158.00.

The USD/JPY has been volatile this week, dropping sharply from session highs on Thursday due to Waller's dovish comments. However, many analysts believe that the decline may not be as significant as it seems.