Chart - Courtesy Trading View
USD/JPY was trading largely unchanged at 122.61 at around 09:45 GMT, outlook remains neutral.
The pair is consolidating previous session's gains, remains rangebound with session high at 122.80 and low at 122.26.
Data released on Friday showed U.S. unemployment hit a two-year low of 3.6% last month.
Data was likely strong enough to strengthen the Federal Reserve's resolve to tackle inflation by lifting rates sharply.
Fed funds futures have priced a near 4/5 chance of a 50 basis point hike next month and two-year UST yields hit a three-year high of 2.4930%.
Technical bias has turned neutral on the intraday charts. The pair is extending sideways along 200H MA support.
With no major data releases scheduled on Monday, market participants will remain focused on geopolitical headlines for impetus.
