• USD/JPY's 103.405 EBS low held the daily tenkan at 103.40

• U.S. fiscal relief bill signing sparks record highs in U.S. stocks

• Also sends Treasury yields higher into today's supply

• Dollar's normal risk-on selling interrupted in early, thin trading

• Higher yield spreads and broader yen selling offset dollar haven sales

• Pair in consolidation above tenkan and below kijun at 103.82

• 103.82 is the middle of December's range, obvious consolidation target

• Dec. 16 high at 103.915 is the daily on-close pivot point

• Close above 104 is key to retesting cloud base, down TL from March

For more click on FXBUZ