• USD/JPY up 1.6% on BoJ letdown, US data beats, now by 2022's 151.94 peak

• The 151.94 peak was a 32-yr high & triggered big MoF yen buying, price dive

• Current Tues high at 151.715 on EBS may test MoF's intervention threats

• The Oct. 21, 2022 intervention brought a 144.50 intraday lows

• But intervention sell-off would be short-lived if US data don't deteriorate

• Today's reports were above forecast and boosted Fed pricing, S-T Tsy yields

• Wed brings ADP, ISM mfg, JOLTS and the Fed events pre NFP, ISM non-mfg Fri

• Fed Chair Powell seen sticking w steady rates, shying away from easing talk

• If US data continue to beat & MoF is quite, market may try 155 on breakout

• But at least verbal intervention is likely above 152

• Big 151 and 152 expiries into week's end, 150 now seen as support

• Run at 2022 highs comes despite Tsy-JGB ylds spreads fall from Oct highs

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