• Steady early after leading the USD higher, as UST yields rebounded

• USD/JPY closed up 0.7% - EUR/JPY +0.8% highest level since Sept 2008

• Japan is on holiday for Mountain Day today, so yen likely consolidates

• Charts; daily momentum studies, 5, 10 & 21 day moving averages head higher

• 21-day Bollinger bands track north - a strong positive trending setup

• Yen has tracked the rising daily cloud in July/August - falls from next week

• 143.18 Tenkan line then 142.70 daily cloud top are initial supports

• 145.07 June and 2023 high then 146.10, 76.4% 2022/2023 fall first resistance

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