The calendar for the rest of the week is a tempting reason to buy USD/JPY. Aside from the aforementioned support on the USD/JPY chart, the combination of the BOJ decision and non-farm payrolls is is an upside risk for the pair.
The Tankan was slightly soft today and that will add pressure on the new Bank of Japan leadership to act aggressively. A number of key economic releases are scheduled this week in the US, including ADP and the ISM non-manufacturing index but non-farm payrolls are expected to rise 195K.
Despite some recent mixed economic releases, the jobs picture remains upbeat. With support ahead of 93.00, there is a case for medium-term USD/JPY longs at these levels.