• Sixth straight day with USD/JPY highs just below the pivotal 150 level

• Thur's 149.95 high on EBS highest since Oct. 3, 2023 high at 150.165

• Dips remain shallow, Thur's low at 149.665 given juicy yld spreads

• Tsy yields broadly rose to key rsst early, but STIR fell on Powell

• New 10-yr JGB yld high made at 0.87%, nearing BoJ's 1.0% hard cap

• And 2-yr JGB yld hit highest in 9 year as BoJ's inflation fight awaited

• Japan CPI out tonight, as BoJ said ready to raise its inflation forecasts

• Bigger threat above 150 is MoF intervention

• BoJ regional econ update upbeat, Japan exports hit record level

• Japan at risk if crude soars in ME conflict or China demand deteriorates

• If USD/JPY clears 150, perhaps on below-f/c CPIs, Bollis await at 150.35/55

• Uptrend intact unless kijun, now at 148.59, is closed below

• Hard to see new 2023 highs reaching 2022's 151.94 peak

• Plenty of 151 expiries and the key weekly ATR top at 151.37

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