• USD/JPY sets new day's low of 152.11 as Trsy yields drop after ISM services

• Pair is below 200-DMA and 100-DMA at 152.73-80 and 153.37 cloud bottom

• Downward momentum to persist if stays beneath lower Bollinger at 153.56

• Vols rise, skews shift in yen's favor with 3-mo. at 1.6% bid for yen calls

• Supp. is prior 151.92-94 double-top, latter linked to Oct 2022 intervention

• A 38.2% Fibo retracement of Sept. to Jan run higher is near 151.50

• Yen advances as rate cuts, tariffs weigh on other currencies

• Nikkei reports Trump, Ishiba meeting to empashize strong relations

• Historically, USD/JPY turbulence in February is to be expected
yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)