US in the midst of the worst four-month stretch of jobs growth in seven years
USD/JPY is a handful of pips away from the lows of the week. A break below Wednesday's low of 107.81 would take out support and be the worst level since early January.
The fall coincides with a decline in 2-year note yields to 1.79%, also just a shade above the post-ADP low of 1.77% on Wednesday.
I'm not sure the market is yet convinced there is enough weakness to justify pushing a further breakdown. Next week we get US CPI and retail sales. Those are going to be big numbers.
