• Yen weakens across the board, risk assets rally sharp, UST yields bid

• USD/JPY makes topside break of 146-148 range

• Door open for a test of 150. Particularly on a close above 148.50

• Though, traders may look to fade correction ahead of 150 test

• U.S. 10yr yet to break 4%, while SPX heads towards seasonally weak period

• This cautions against chasing further USD/JPY upside from current levels

• COMMENT-USD/JPY catapults, but 150 may be a stretch too farnL1N3K20QB

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