USD/JPY may rise above Wednesday's high at 91.28 later, vs 90.98 last, if U.S. weekly jobless claims for week through Jan. 30 due at 1330 GMT show improvement, "as the market's really focused on the U.S. jobs market as a signal for the timing of any Fed interest rate hike," says Shinichi Hayashi, FX dealer at Shinkin Central Bank. Ahead of non-farm payrolls for January, expected to show no jobs lost compared to 85,000 shed in December, says "an improvement in the weekly claims, even though it's not a major indicator, would probably brighten the outlook for Friday's data." Jobless claims expected to total 460,000, down from 470,000 in previous week. Meanwhile, if payrolls do beat expectations Friday, says "dollar/yen could easily rise back above 93.00, which is where it was before the last payrolls report (released Jan. 8) brought the negative surprise that pushed it down."
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