FXStreet (Córdoba) - USD/JPY bounced from daily lows and reversed intraday losses as the dollar shrugged off weak data and staged a comeback across the board. USD/JPY fell to a 1-week low of 121.62 but quickly turned higher and advanced to a peak of 122.87, although it stalled ahead of the 123 mark. At time of writing, the pair is trading at 122.83, 0.20% above its opening price. USD/JPY is on track to post its first daily gain since last Friday when it rallied on the back of a strong US employment report. However, the pair is still headed for a mild weekly loss. USD/JPY levels to watch In terms of technical levels, next supports could be found at 122.28 (10-day SMA), 121.71 (100-day SMA) and 121.24 (200-day SMA). On the flip side, next resistances are seen at 123.21 (Nov 11 high), 123.59 (Nov 9 high), 124.15 (Aug 24 high) and 124.50 (Aug 18 high). For more information, read our latest forex news.