Forex News:USD/JPY has been stalling around 200-day moving average, near 107.65, says RBC Capital Markets; pair now at 107.12 after trading around 107.60 at one point overnight. "The 200-day average that proved too much of a hurdle to further gains in dollar/yen late in June, has again stalled gains, despite Thursday's non-farm payrolls report that was not as bad as was feared and euro bearish/dollar bullish comments from ECB President Trichet." Seems a break of resistance would need "a significant rebound in confidence and evidence that U.S. stocks have bottomed." Says for support, watch 105.56, 23.6% Fibonacci retracement of post-Bear Stearns USD/JPY rally
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