• USD/JPY reversed Monday's drop prompted by BoJ hint at possible end to NIRP

• That notion evoked a negative response from a heavyweight Japanese lawmaker

• Monday's dip was bought as Tsy-JGB yields spreads remain very bullish

• Tuesday's high so far holding below Monday's 147.26 pre-dive high on EBS

• Focus now on Wednesday's US CPI, overall and core, to feed Fed expectations

• Also on Thursday's retail sales, PPI and jobless claims

• Some early hints high rates, inflation and less savings could cool economy

• But market sees some risk of one more Fed hike before Q2 2024 cuts

• Uptrend is intact with closes above the 21-dMA, last at 146.36

• Sept highs and upper-21-day Bolli near 148 are the nearby hurdles

• 2023's rising channel top and 161.8% Fibo by 149.60 are 150 major hurdles

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