Taking a quick look at the charts, a potential landline is apparent to us in USD/JPY. Should we get a very weak employment report, risk aversion should rise and the yen will be in demand. Stops below the 89.90/90.00 area could prove very attractive for short-term traders. Beware selling weakness as right round that area lies support at 89.97, the 61.8% retracement of 87.11/94.63 rally. A quick bounce could ensue after a wash-out.
