There was nothing really in the jobs data to send the buck lower but yen buying is rearing its head once more in the crosses and that’s helped take USD/JPY off the highs.
119.50 and thereabouts has seen the support come in and there’s further support at 119.20 and then at 119.00.
USD/JPY M15 chart 08 01 2015
Watch for 119.65/70 to hold resistance initially while 120 caps the top more powerfully.