• USD/JPY rises to fresh days; high at 143.35 as 2-yr yields firm

• S&P hold gains after Trsy Sctry Bessent on excessively high China tariffs

• USD/JPY rise follows Bessent backing of strong USD, not seeking JPY targets

• CHF also on its heels as risk tone improves

• Set to close above 200-HMA at 142.26; risk of 144 test on short-covering

• Stochastics point to upside risks after stretch of lower highs is broken

• Yen options see less downside risk, vols steady as shares advance

• Supp: 140.48 Apr 21 low, 139.89 YTD low; 139.58 Sept 16 low

• Resist: 143.99-144.00 April 9-10 lows; 144.55 April 4 low
yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)