• The US dollar continues to suffer broad based weakness

• US, Japan finance chiefs: USD/JPY reflects fundamentals

• BOJ's Noguchi sees no need for big change to bond taper plan

• USD/JPY has dropped from 144.40 to 143.00, on Thursday, EBS data shows

• Spot registered a close, on Wednesday, under the kijun line

• Kijun line, now at 144.27, the midpoint of the last 26 trading sessions

• Scope is growing for USD/JPY losses below May 6 142.36 low

• 30, 60-day log correlations between USD/JPY, EUR/JPY high are high

Daily Chart:


Correlation Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)