• USD/JPY sets new day's low of 154.34 on EBS amid dollar weakness and broad drop in Trsy yields after no monthly change in headline CPI

• Annualized core CPI (ex-food and energy) of 3.3% remains above Fed's 2% target

• Trsy 2-year yields eye the bottom of one-month rising channel near 4.20%

• Downside in pair may be limited as US equity futures turn higher, yield curve steepens and as yen volatility drops

• Price congestion around 154.30-50 helps limit loss with more significant support near the Oct. 28 high of 153.88

• WTI oil holds just above its 2024 low as Dallas Fed President Logan gets set to speak on "Energy and the Economy"
  

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