• USD/JPY rebounds with risk-taking amid pre-holiday and payrolls squaring

• US layoffs and claims triggered a brief dip to 130.945 on EBS

• Big upward revisions to claims amid seasonal adjustment changes

• Market moves on and squares more risk-off trades pre-NFP and holiday

• Also some hope payrolls will beat f/c for a 12th straight month

• Forecast is 239k vs 311k last, with "smart' forecasters at 232.5k

• Key weekly sell signal risk exists below 132.24 cloud base

• Daily cloud base and 50% of week's 133.75-0.84 drop are at 132.16/20

• Weekly cloud base hasn't been breached since March 2021

• Pending signal follows this week's high rejected by weekly tenkan

• If triggered, Feb's low & 50% of 2021-22 rise @127.215/27 are in play

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