Risk trades bounced a bit overnight. USD/JPY managed to pull 80 pips from the intraday low and 100 pips from the Friday's (post-NFP) low. With US on holiday today, we may have to wait until tomorrow to get the whole picture.

Resistance is seen at 119.60 - 119.65 (High Of Day, post-NFP high, Thursday's low) and then at 119.90 - 120.00 (Trendline drawn off of August 19th/28th and September 3th highs, Daily Resistance 1, 00's). There's some support near 119.20 - 119.25 (Intraday pivot, Daily Pivot Point) and then 118.70 - 118.80 (Low Of Day, Late Friday's low).

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