USD/JPY eyes NFP data amid light European session, Japan FX warnings

USD/JPY trades cautiously near 155.50 as markets await the crucial US Non-Farm Payrolls report, expected to show 50K jobs added versus 22K previously, with unemployment holding at 4.3%. The pair remains sensitive to Japan's intensified verbal warnings about yen depreciation and volatility, with Japanese authorities expressing heightened concern over recent currency movements. Today's European session features only low-impact data including German PPI and Swiss/Spanish trade balances, unlikely to shift market dynamics. The NFP release alongside weekly jobless claims will be pivotal for dollar direction and Fed policy expectations. Technical levels show immediate resistance at 156.00 psychological level, while support sits at 155.00. A significantly weak NFP print could trigger USD/JPY selling pressure, especially given Japan's readiness to intervene, while strong employment data might push the pair toward recent highs despite intervention risks.