USD/JPY rebound halted at 50% retracement of non-farm payrolls move

USD/JPY is down 30 pips to 107.30 in Asia-Pacific trading as a touch of risk aversion creeps in. A higher open in the Nikkei has been wiped out and it's now trading in negative territory.

Comments from Finance Minister Aso are due shortly and that could spook the shorts.

For now, the pair is struggling what to do on both the yen side and the dollar side but the technical aren't showing much reason to expect more gains.