USD/JPY lifts after falling close 142.00

The further fall in the USD/JPY has seen the dollar come closer again to the August 5 low at 141.70 earlier this morning. The low seen so far has been set at 142.06, but it is above that level now. The further drop in US yields ahead of the monthly jobs report today has come after the US data seen yesterday in the ADP numbers did rather replicate and endorse that seen on Wednesday in the JOLTS data. The outlook here for the USD/JPY to continue to meet with sellers on rallies has therefore now delivered a move very close to that 141.70. If that is broken later today, then it would be logical to expect a further downside extension. There will be more to add on what ids expected this afternoon in the US jobs report. Meantime, the USD/JPY is just now trading at 142.53