• USD/JPY fell to 156.02 on EBS in Europe's morning, buyers emerged

• Pair turned positive after the Dec. 20 daily low remains untouched

• US yield bounce off low, USD/CNH rally helped lift USD/JPY

• NY opened near 156.75 then hit 157.075, was up +0.10% in early action

• Techs lean bullish; daily RSI diverged, daily bull hammer formed

• USD/JPY consolidation of recent rally reinforces bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)