Yen climbed as BOJ battles bond bears nL1N3410H6nL1N34104H

Bets upped BOJ will tweak its yield control policy further nL1N3410I7

USD/JPY slumped to 127.22 in Asia, before rebounding to 128.87 in London

127.22 is the lowest level seen on the EBS since May 2022

USD/JPY's medium-term chart remains fragile nL1N3410FD

EUR/JPY's correlation with USD/JPY high, 30/60-day logs are well above +0.5

The two currency pairs are moving in tandem