• USD/JPY corrected to 133.19 hourly cloud support before the ECB meeting

• Hawkish ECB sent Bund, EZ yields soaring, driving Tsy yields up as well

• Tsy-JGB yields spreads climbed to highest since 2018 to underpin USD/JPY

• A 134.56 marginal new high ahead of 2002's 135.20 peak pre-CPI Friday

• Overbought market looking for fresh Fed hike fuel for a breakout

• No option expiries of any size above 134 until next Friday

• Next Fibo target above 135.20 peak is at 136.50

• Wednesday's 132.61 low is the on-close daily pivot pt, bits above 133 1st

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