• USD/JPY found support right at the 200-HMA for second time in 3 sessions

• Fri's 135.81 low on EBS came before mostly bullish ISM services data

• But the two-year low, albeit still high, prices paid weighed on rebound

• With Fed hikes priced 90bp above Feb's lows, making new highs is harder

• Same may be said of USD/JPY w 200-DMA rising toward key 137.45-46 hurdles

• Uptrend remains intact but may need help from NFP & CPI on Mar. 10/14

• BoJ meets on Mar. 10, but incoming leadership is on policy pause for now

• Despite rising core Japanese inflation and BoJ's YCC contortions

• Fed meeting is on March 21-22, with at least a 25bp hike expected

For more click on FXBUZ