• USD/JPY broke its 8-day range base at 129.02 in broader USD breakdown

• Brief bounce on Fed hike/statement nL1N34G1YU but dives on Powell

• Off earlier on poor US Jan data, though bad weather seen playing a role

• JOLTS jump gave Fed hawks purchase, but rates and yields down on presser

• A sub-129 close would weaken the recent rebound within the downtrend

• Jan's 127.215 trend low is by two 50% Fibos of pandemic rally @127.27/6.56

• Below them is last May's major low at 126.37 on EBS nL1N34H1RD

• Yen demand on expected eventual BoJ normalization persists nL1N34H09D

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