USD/JPY rallied back toward 2023's 150.165 peak on post-CPI Tsy yld surge
Uptrend had already reasserted itself before that on Thursday
CPI data were very close to f/c, but overall increase, services above
Gains aided by corrections in O/B USD, Tsy ylds reversing at key levels
Haven USD and JPY both up amid risk retreat, but higher-yld USD does best
USD/JPY focus now is on whether a 150 breakout can be sustained
That after Oct. 3 brief 150.165-147.30 bloodbath
And with upper 21- and 30-day Bollis both by the Oct. 3 peak
Might need Tues's US retail sales to beat to lift 150+ confidence
2- and 10-yr Tsy-JGB yld spreads at 5.0% & 3.95% remain bullish
Though both are below their recent highs
Best-case scenario a test of 2023's channel top by 2022's 151.94 peak EBS
Bigger risk is a major bearish divergence top after next 150 clearance
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