Key Levels to Watch for USDJPY Ahead of Payrolls DataUS Dollar/Japanese YenFX:USDJPYftdsystemUSDJPY is contracting in the medium term, while in the shorter term there is a slightly bullish trend channel. Although there is no clear direction, this tight range offers many trading opportunities. For today, the 147.90–148.00 zone could act as immediate support. After the payrolls data, if USDJPY holds above this support, it may be bullish in the short term. If the level breaks, it could trigger a selloff. The lower and upper lines of the trend channel stand at 146.80 and 149.20, which should be monitored closely if the pair moves sharply after the data. Traders should also keep in mind that Japan’s ruling party will hold an election on Monday, so the final hours of the week could bring spiky candles.