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USD/JPY pullback so far propped by early Asia low by 119.60

Friday, May 8, 2015 2:41 PM UTC

Post NFP, USD-JPY yield spreads fall & stocks (N225 futures) rise in partial offset
Early Asia low by 119.60 supports USD/JPY pullback on payrolls so far
Prices merely reverted toward 10-100-DMAs in the 119.37-55 range
Fed needs more data to end consolidation, rate rise still iffy for Sept
Neither BOJ nor Abe govt in hurry to launch QQE3, but Oct strongest bet

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USD/JPY pullback so far propped by early Asia low by 119.60

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