• USD/JPY surged toward 2023's 138.78/90 peaks amid a broad yen slide

• BoJ's negative rates and 50bp 10-yr yield cap are glaring yen weights

• That as far higher Fed, ECB and BoE rates have yet peak & retreat

• Also weighing on yen are rising US bank stocks, less Tsy default angst

• But clearing May, March and mid-Dec's 137.78/90/8.18 highs is key

• Upper 10- and 21-week Bollis are also at 138.05/14 last on EBS

• Might need Thur's jobless claims drop to at least meet forecast

• An upside claims miss could see tenkan and Tues's low at 135.66/68 tested

• Daily, weekly & monthly buy signals eye 139.57 with a 138+ weekly close

• Yen-funded carry trades aided by VIX and FX vols at low pre-Fed hike levels

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