• USD/JPY retreated amid falling Tsy-JGB yld spreads and crude prices

• Prices had gotten heavily O/B and in need of consolidation/setback

• Failure to clear Tues's 154.77 34-yr highs by key 155 weighed

• As did that stall coming after Fed Chair crushed rate cut hopes on Tues

• Wed's Fed beige book report was less hawkish than recent data implied

• That as there's little key US data until GDP, PCEs on April 25, 26

• Speculation re BoJ yen intervention got a small lift from FinMin comments

• So far Wed's range is just an inside day, consolidating big gains

• 10-DMA, daily on-close pivot pt and tenkan props are at 152.80-97

• There is a massive $6.08bln of 153 expiries on Thur, 155s ongoing above

• Japan CPI data is out Friday, core f/c at 2.6% vs 2.8% in Feb

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