• USD/JPY moves to day's low as USD 2-year Treasury yields retreat following mixed PPI, uptick jobless claims

• Gold hits record following an ECB rate cut though there may also be geopolitical risk element to its advance

• Price support is seen near 142.00 ahead of 141.43 lower Bollinger and 140.71 Wednesday’s low

• Spot gains are seen capped near 143 where Japanese exporter offers reside; 9-day MA and price congestion near 143.30 offers further resistance

• Yen bulls stay optimistic after BOJ policy hawk Tamura offered a reminder of central bank’s tightening bias

• Yen crosses largely track swings in risk appetite though an ECB rate cut may disrupt pattern; EUR/JPY marginally lower on session

• Selling Swissy versus yen favored should risk tone start to improve

• One-week yen volatility notches upwards to incorporate next week’s Fed decision

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