Market managed to sustain drop movement after US jobs report where managed to test 106.40 today.

  The Japanese yen is appreciating vs. its American counterpart today, sending USD/JPY to as low as the 109.70 area, although regaining the 110 neighbourhood afterwards.

  National Consumer Price Index remained unchanged contrary to expectations. (-0,3% vs. expectations -0.4%).

  As we see over the chart, market now facing resistance zone of 110.25-55 where as long as market holding below another drop movement toward 109.50 may hit the market where from there will expect another advance toward 111.55-85 zone.

  The USD/JPY pair is seen making minor-recovery attempts from a drop to 50-DMA support located at 109.65, as markets digest the latest comments from the BOJ officials amid weaker Japanese datasets.