• USD/JPY rallies post-Fed 50bp hike, ending NorAm -0.1% at 130.00

• Pair whipsaws 129.71-130.38 as Fed ramps up inflation fight

• Powell: Inflation much too high; Fed hikes 50bp, BS paring begins June 1

• Economic demand strong, labor tight, supply issues persist nW1N2UD01P

• Eikon's FEDWATCH indicates +50bp at upcoming meetings; end Dec at 2.95%

• BoJ highly accommodative, diverging US-JY rate view favors USD strength

• $JPY remains anchored b/w 10-DMA and upper 21-d Bolli (129.17-131.70)

• Res Apr 29's 130.95 high, 2022 high Apr 28 at 131.25, upper 21d Bolli 131.70

• Supt May 2 low 129.62, 10-DMA 129.17, Apr 26-27 double bottom by 127

• Post-Fed traders focus shifts to US NFP Friday, RTRS consensus +394k

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