Japan Labor Cash Earnings (YoY) rose from previous 0.5% to 0.6% in September

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair was already on demand ahead of the US employment report release, having started the day above its 100 and 200 DMAs for the first time since late August, and got fueled by the strong readings, supportive of a US rate hike for next December.