• USD/JPY daily ranges are being squeezed ever closer to 2023's 150.165 peak

• Tues's 149.32 low neared the up TL from Sep & Oct spike lows at 149.25

• Today's rebound has stalled just below the pivotal 150 level

• New 2023 highs would face upper 30-day Bolli now at 150.58, 151 offers

• Up TL from Sep-Oct lows and kijun at 148.73 are key on-close supports

• Earlier rebound in Tsy ylds boosted, with US PMI beating, Japan's missing

• Though 2-yr Tsy-JGB yld spreads at 5% are bullish, they're 13bp off Oct peak

• Japan PM Kishida eyes CCY stability, said BoJ needs to work closely w govt

• That as govt works on extra budget and BoJ buys JGBs to cap yields

• Talk BoJ will expand or exit YCC @Oct. 31 meeting, but latter seems unlikely

• Key US data on Thursday and Friday should set the tone into month-end

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