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• USD/JPY has rebounded from Tuesday's 148.65 (EBS) low nL2N3N5036

• Spot has continued the rise, on Wednesday, from 149.53 to 150.78

• EBS flow data shows steady buying since late NY, early Asia

• The daily Ichimoku chart has thrown up conflicting signals nL2N3N508P

• USD/JPY options shine regardless of FX direction nL2N3N509B

• The 30 and 60-day log correlations between USD/JPY, EUR/JPY is high