Fundamental view:
The US dollar has initially tried to rally against the Japanese yen, but gave back quite a bit of the gains, especially on Friday. Japan BOJ Core CPI on25th August and US Core Durable Goods Orders on 26th August supported upward movements for the pair whereas Japan SPPI yearly report on 26th August and US Unemployment Claims on 27th August favored downtrend for the pair.
The dollar is going to struggle to find its footing, mainly because the Federal Reserve has come out and said that it is going to raise the bar for raising interest rates.
The major economic events deciding the movement of the pair in the next week are Japan Unemployment Rate at Aug 31, Japan Final Manufacturing PMI, US ISM Manufacturing PMI at Sep 01, US ADP Non-Farm Employment Change at Sep 02, US ISM Non-Manufacturing PMI, at Sep 03, US Unemployment Rate at Sep 04.
USD/JPY Weekly outlook: