• USD/JPY dove from near Wed's 135.47 high to 134.12 lows last on EBS

• Initial dive followed Tsy yield drop after slightly softer CPI

• Fed's super-core services ex-housing just 0.1% m/m vs 0.4% in March

• Three 25bp Fed cuts priced in by Dec, with 2-yr Tsy yields dn 11bp

• A close below the kijun at 134.21 would be first since April 13

• Last week's 137.78-133.50 slide was caught by the 30-DMA, now at 133.93

• Haven yen up far and wide as post-CPI stocks rise turned into a dive

• And high USD/JPY hedging cost has Click here Nikkei

• PPI & claims Thur and retail sales next week possible Fed/Tsy guide

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