Step 1: Use the direct supplementary-angle property.
For two tangents drawn from an external point, the angle between the tangents and the angle subtended by the points of contact at the centre always add up to $180^\circ$: $\angle PTQ+\angle POQ=180^\circ$.
Step 2: Substitute the given angle.
$\angle PTQ + 120^\circ = 180^\circ$.
Step 3: Solve.
$\angle PTQ = 180^\circ-120^\circ = 60^\circ$.
\[ \boxed{60^\circ} \]