- Despite soft ISM & Construction Spending USD/JPY clears 120 barriers
- Data was weak, but not enough to tame USD bulls, pair could retest Dec peak
- Exporter offers and barriers at 120 since cleared; stops seen above 120.15
- Down TrendLine from Dec 23 is key level to watch, Jan & Feb highs is at 120.36
- 2-yr USD-JPY yield spreads at day's high, but still below Friday's