• Up 0.25% after the Tokyo fix, as the dust settles on Monday's volatility

• We have no official confirmation of BOJ intervention, but it is expected

• Stronger than forecast Japanese factory output but softer retail sales

• The mixed data provides no strong reason for the BOJ to change policy

• Charts: 21-day Bollinger Bands, 5, 10 & 21-day moving averages head north

• Daily charts remain positive - a close below 154.01 21 DMA would be bearish

• Horizontal Tenkan and Kijun lines suggest a period of consolidation

• 154.40 early Europe low and New York's 156.88 high first support/resistance

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