• USD/JPY slipped toward 10-DMA and 6-day range lows at 151.13/00 on Fri

• Core & super-core PCEs, spending beat & income miss was a minor USD drag

• But prices so far hold above the nearby supports at 151.13/00

• Japanese data further dims prospects of another BoJ rate hike soon

• Which could mean yen defense will fall to MoF/BoJ FX intervention

• Fed Chair Powell saw PCE data as "along the lines" of what Fed wants

• He remains noncommittal on rate cut timing, very data dependent

• Not enough to get USD/JPY out of its 8-day range just below 152

• As well as a third straight year with sub-152 peaks, March's a 34-yr high

• Focus shifts to next week's ISMs and employment reports

• Further Japanese verbal intervention may cap, but not crumble spec longs

• Would need dovish US data to make intervention more effective

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