After a sharp shake out shortly after the US data, JPY crosses have been making a slow, steady come back over the course of the session. GBP/JPY is the stand out this afternoon, trading close to session highs of 148.65, trading now at 148.55. EUR/JPY is within 25 pips of of session highs of 135.01 after a sharp slide to 133.50 once the US data was out of the way.

USD/JPY itself is close to session highs, trading at 100.25. 100.55 is next resistance, a top dating back to November of last year.

4-3-jpy