USD/JPY around 102.50, day lows

FXStreet (Bali) - USD/JPY is trading around 102.50-55, slightly lower than its NY close at 102.60, with Nikkei 225 futures down over 0.8%, on the back of a somewhat soft US NFP report.

Peter Fell, Analyst at FXBeat, notes: "Support was found towards the 38.2% fib(101.09/103.10) at 102.33 last Friday, 50% fib lies at 102.09 on the same move, with hourly trend-line support at 102.35."

"Resting bids are cited between 102.20/30, stop loss orders are touted below 102.15, Japanese exporter supply kicks in between 102.70/80 and more between 103.00/10", Fell added.