• Tiny new 147.875 USD/JPY trend high on EBS, but Wed's lows held

• USD/JPY and Tsy ylds lifted briefly by US jobless claims drop

• But claims were said to be weighed down by the Labor Day holiday

• And Tsy yields slipped after early Sept issuance deluge digested

• USD/JPY longs also prefer buying dips with MoF warning on intervention

• But BoJ is not a threat to reduce easy policies near-term

• Prices also a bit overbought and looking for fresh Tsy yields support

• Perhaps with next Wed and Thur's CPI and retail sales reports

• Near 5% 2-yr Tsy-JGB yields spreads remain bullish

• 2023's rising channel top is nearing 161.8% Fibo off July base at 149.56

• Tenkan and 21-DMA at 146.16/06 last decent support

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