• New 2023 USD/JPY high early at 150.78, then quick dip to 149.845 low on EBS

• Drop in Tsy ylds on fairly bullish US data having limited affect on prices

• Despite 2-yr Tsy-JGB ylds spreads dn 9bp and near Oct's lows

• Thur's highs are by upper ATR and 30-day Bolli tops

• Support's lined up from rising tenkan, 30-DMA & kijun, now at 149.76/15/04

• Longs looking for a run at 2022's 32-yr peak at 151.94

• But wary MoF may intervene to defend against multi-decade yen lows

• USD/JPY's gained 10% from July lows with help of spec buyers MoF eyes

• Big 150 expiries on Fri, but S-T vols rising into BOJ & Fed next week

• And risk/reversals also less biased toward USD/JPY puts

• O/B top with MoF assist the risk if 2022 peak proves daunting

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