The volatility of the USD/JPY pair has decreased to a minimum as investors await the Bank of Japan's upcoming meeting. However, the release of U.S. employment data today could invigorate the Japanese currency.

On the daily chart, a weak divergence has appeared between the price and the Marlin oscillator. This suggests a potential minor downward move, with a target level at 156.04, which is the low from December 31. Alternatively, the price could rise above the resistance level of 158.32; however, given the market's neutral stance and the overall strength of the dollar, such an increase may be seen as a false breakout.

On the four-hour chart, the signal line of the Marlin oscillator has bounced upwards from the boundary of the predominantly bearish zone. Currently, the price is approaching the resistance level at 158.32. Upward momentum may encounter resistance near the MACD indicator line at 158.88. If the price consolidates below yesterday's low of 157.59, it would signal an intention to continue declining within the extended consolidation range, with a target support level at 156.04.