USD/JPY to remain bid on dips after closing 0.5% higher Friday

Supported by higher U.S. yields, higher-for-longer Fed rate view

Boosted by U.S. jobs report pointing to a soft landing for economy

Downside limited as 2-year U.S.-Japan yield spread hovers near 500 bps

Whipsaw moves Friday and U.S. holiday Monday to result in cautious trading

Fri range 146.30-144.44; support 145.60-70, resistance 146.70-80

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