FXstreet.com (Barcelona) - Having gone as low as 78.02 on risk-off Thursday, the USD/JPY bounced back to 78.35 in the US session, and after some more softening the early Asian session allowed correction back there again. However, the pair has been dropping again and surrounds the 78.15 zone ahead of the European opening.

Japanese data indicating the foreign buying of Japan stocks in the week ending at September 14, points to ¥60.4B (from ¥65.9B), while Japan buying Foreign Bonds was of ¥64.4B (from ¥787.0B).

Mataf.net analysts point to resistances at 78.35, 78.85 and 79.20. On the downside, supports might be found at 78.05, 77.7 and 77.35.