• USD/JPY's 155.95 high Thur shy of 156.05, 50% Fibo of last week's collapse

• Might have been cleared, but highest claims since last August weighed

• One week's claims only market moving after last week's dovish jobs data

• Treasury yields the main driver and fell 6-8bp from pre-claims session highs

• Daily drop in Tsy yields only about 3bp, but softer data now on market radar

• Thus May 15 CPI and retail sales reports have become even bigger event risks

• Futures still not favoring a Fed cut until Sep, two by year-end

• BoJ pricing continues to favor a 10bp hike by July and second by December

• Japan's sickly wage and compensation data dim rapid BoJ rate hike view

• Prices now flat and by the kijun at 155.53 vs tenkan & 50% Fibo at 156.05

• May consolidate ahead of next week's key U.S. data, also f/c to cool

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