• USD/JPY settles near midpoint of 141.895-143.95 day’s range amid rising Treasury yields and U.S. equity gains

• Yen crosses are well supported as risk tone improves, commodities rise and Treasury curve steepens

• NZD/JPY enters Ichimoku cloud though remains shy of September high of 91.65

• Overnight USD/JPY vol sits at 20% with no policy change expected by BOJ Friday though Aug. core CPI is seen quickening to 2.8%

• Ongoing chatter about CNH vs. JPY potentially diverging with PBOC expected to lower rates Friday

• Near-term USD/JPY support stays at pre-Fed level and session low of ~141.895 ahead of weekly cloud bottom of 141.31

• Resistance at 143.95 day’s high and 144.20/22 US payrolls high and close in early August

For more click on FXBUZ