• From a new trend low, 149.29, dollar rebounds to 150.73-EBS

• USD/JPY now moving out sideways: looking for next driver

• Short covering out of Tokyo cited: also importer buyers touted

• Long Japanese weekend bringing position adjusting

• BOJ Ueda comments suggesting more bond buys on firmer JGB yields noted

• Yields on JGB 2s and 5s to highest since Oct '08, 10s since Nov '09

• USD/JPY bear run still very much alive: 148.65 Dec. 3 low a target
USD/JPY daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own)