• USD/JPY up 0.38%, 133.60 EBS high by Dec. 2's 133.62 swing low

• Rebounding Tsy-JGB yields spreads, oversold pressures lift

• Despite BoJ's wider YCC on 10-yr JGBs, 2-yr JGB ylds are barely positive

• That as 2-yr Tsy yields rebounded to 4.445% Tues to pre-Dec. 14 Fed levels

• BoJ Gov Kuroda dismissed near-term policy changes nL1N33G032

• But core-core CPI rise to 2.8% from 2.5% increases policy angst nL1N33D014

• That as China opens up amid vast pandemic wave to save wobbling economy

• Rebound may reach 10-DMA, tenkan and Dec. 14 low at 134.24/38/53

• Dec. 14's 134.38 low was low after Fed's 50bp hike, before BoJ YCC dive

• Dec's low reinforced by the 55-WMA and nearby lower Bolli bands

• Will also have the rising weekly cloud top support in coming weeks

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