• USD/JPY trades above 146.10, the 76.4% of 2022-23's collapse

• That drop began w Oct. 21's MoF-BoJ intervention led 151.94-144.50 collapse

• A close above 146.10 could open way to resistance by 148

• 2023's rising channel top, a Fibo target and weekly ATR top are by 148

• Rising Tsy yields on mostly above f/c US data underpin prices

• A sub-146 close could see prior 2023 peak and hefty 145 expiries tested

• Assuming MoF and BoJ don't see yen's non-stop slide worthy of intervention

• Now biggest run of higher daily lows & highs since Oct's surge to 32-yr peak

• That 151.94 peak on EBS brought intervention and fall to 144.50 on Oct. 21

• But Fri's core July Japan CPI seen at 2023's 3.1% lows dn from 3.3% in July

• Was at 3.6% in Oct and rose to a 4.2% peak in Feb, so less inflation angst

• Prices a bit O/B so a 146.10+ close is key to reduce bearish divergence risk

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