• Skepticism rising in the markets ahead of  NFP data while the PCE numbers overnight weren't supportive of a hike as soon as Sept.
   
• US Treasury yields in the early Asian session fell to pre-Jackson Hole levels pulling USD/JPY lower.
   
• Treasury yields are back in green and that is helping USD/JPY regain ground above 102.00 handle.
   
• The pair has broken 20-DMA and momentum has turned bullish. Stochs, RSI and CCI indicate further upside in the pair. 
   
• Scope for test of 50-DMA at 102.68, violation there could see test of 103.51 (50% Fib) and then major trendline resistance and 61.8% Fib at 104.45. 
   
• Supports on the downside are seen at 101.41 (23.6% Fib), 101.10 (20-DMA) and 100.87 (Aug 5 low). 
   
• Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-on-track-to-test-50-DMA-at-10274-good-to-go-long-on-dips-269289) is progressing. Recommend holding for targets.