• $JPY back to flat in early NY, +0.02% at 144.42, Mon range 144.35-143.45

• UK holiday, summer liquidity drain stalls USD slide

• USD off o/n 3-wk low after Powell noted time for policy to adjust

• Converging Fed-BoJ rates keep USD offered; Fed seen -104bp into YE 2024

• Timing/pace of Fed cuts data dependent, IRPR sees 33% odds for -50bp in Sept

• Next key data U.S. IJC Aug 29, NFP Sept 7 as Fed shifts to employment focus

• $JPY supt 143.65 lower 21-h Bolli, 143.45 Mon low, 142.12 lower 21-d Bolli

• Res 144.36 Mon high, 144.63 100-Wk MA, 144.86 August 22 low

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