• USD/JPY is right up against pivotal 145 by 2023's 145.07 peak on EBS

• Japan on holiday Friday, but Tsy ylds sharply higher prop up prices

• US CPI, PPI an Mich data not overtly inflationary, but ylds soar

• Traders put off by risk MoF or BoJ might defend yen above 145

• Bulls may want to see Japan Q2 GDP, Tues's US retail sales before breakout

• A close above June's high could target 76.4% of 2022-23 drop at 146.10

• Market will be watching for any reaction by MoF, BoJ other officials

• If there's no pushback against yen's slide, rally should extend

• Actual FX intervention looks unlikely near current levels

• Options mkt not pricing in near-term reversal of USD/JPY uptrend

For more click on FXBUZ