• USD/JPY stabilizes at lower end of 144.83-146.18 EBS range

• Volumes muted ahead of weekend talks between China and the U.S.

• Overnight vol stays firm at 8.7% while rest of curve eases

• Fed speakers reiterate wait-and-see policy stance; CPI next week

• Minutes of May 1 BOJ meeting also upcoming

• Pair slips back into 140-146 range, closes near April 3 low

• Some risk of USD/JPY short-covering if closes above upper 21-day Bollinger

• April price congestion and cloud near 149 may limit upside

• Resist: 145.80 upper Bollinger; 146.59 55-DMA; 146.89 61.8% Fibo of Mar-Apr

• Supp: 144.08 conversion line; 144.00 May 7 high; 143.21 21-DMA
Yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)