Australia Westpac Consumer Confidence: -3.2% (July) vs -6.9%

After briefly coming into contact with 123.70 key resistance (weekly R1), USD/JPY was sold off during the last American session (early stages), only to recover most of its losses towards 123.30/40, although still failing to reclaim a key point of control at 123.50, now being well protected by new committed bears.