USD/JPY steady at 149.88 despite rising Treasury yields, 10yr +5bp 4.975%

Yen traded up to 150.14 for 5 minutes at the open in likely illiquid markets

Since the brief opening spike, the range in Asia was 149.72-149.92

BoJ is unlikely to intervene unless USD/JPY spikes up on yen-led weakness

Charts; the Tenkan line climbs with the daily Ichimoku cloud

5, 10 & 21-day moving averages move higher with 21-day Bollinger bands

148.73 well-tested Kijun line has supported the trend - pivotal level

The technical signals are positive for a move towards the 151.94 2022 top

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