• USD/JPY about flat after post-US data and ECB swings

• US sales, PPI and claims were ostensibly USD supportive

• But lack of firmer Fed hike pricing and high gas price drivers weighed

• As did notion that the ECB's dovish hike reduced pressure on Fed to hike

• In the end, Tsy yields did firm to support USD/JPY

• But the uptrend remains in an eighth day of consolidation below 148

• That with doubts about timing of further BoJ easing its YCC or NIRP

• And whether the MoF will feel the need to support the yen pre-150

• Prices remain in 2023's rising channel, the top of which is near 150

• Would take a sub-21-DMA and kijun -by 146 & 145.57- close to dent uptrend

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