• USD/JPY is off week's 130.64 low, but a bearish sub-132.24 Fri close looms

• That level is where the weekly cloud base rises to next week

• The daily cloud base and 50% of this week's 133.75-30.64 drop are @132.16/20

• Prices have been above the weekly cloud base since March 2021

• And this week's 133.75 high was rejected by the weekly tenkan at 133.77

• A close below 132.24 could target March and Feb's 129.65/127.215 EBS lows

• A break of 50% of 2020-21 uptrend at 127.68 would target the 61.8% @121.45

• Ten-yr Tsy-JGB yields spreads are down 44bp from last Friday's high

• This week's mostly well-below forecast U.S. data hastened that drop

• But dollar shorts broadly were squared pre-NFP and holiday closures

• Fri's NFP eyed, with 11 straight beats vs forecasts now on the line

• US bank stocks up for a change today amid H2 Fed cuts pricing

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