• USD/JPY jumps with shares after Trump announces 90-day tariff pause

• US tariff levels against China are lifted

• Short-term Trsy yields rise to one-week high as curve flattens

• Downside USD/JPY risks fade as tops lower 21-day Bollinger at 145.99

• Dragonfly doji hints at a possible bull trend reversal

• Needs to top 147.69 9-day EMA, 148.18 March low to neutralize bears

• Vols off highs with 1-wk at 16.5%; overnight stays firm before US CPI

• Ascending trendline from Jan 2023 low lends support at 143.75
Yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)