• USD/JPY range-trading between 147.07-38 history, pair heading south again

• Stupor may have been broken by hawkish comments from BOJ Gov Ueda in Diet

• JGB rates have bounced as a result and US rates now sagging, off highs

• JGB 2s @0.857%, 10s @1.542% against US Treasury 2s @3.976%, 10s @4.294%

• USD/JPY down to fresh low of session of 147.65 EBS into Europe/London

• Spot also has broken back into the ascending hourly Ichimoku cloud

• Cloud currently between 147.57-94, 100-HMA 147.67, 200-HMA 148.43 above

• Support around 148.00 bypassed and no major bids noted around that level

• Base of hourly cloud next support followed by 147.00 and 146.55 low March 11

• Related comment , also ,

• On Ueda-speak , comment on BOJ
USD/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)