Stocks extend bear market bounce as inflation angst eases nL8N2YE1PZ

Rise in risk appetite usually sees yen outflows, underpinning USD/JPY

USD/JPY has seen a 134.53-135.28 range so far on Monday

Chart points to bigger gains, key 134.27 Fibo limits downside nL1N2YE098

Speculators snap up the dollar for the next leg higher nL1N2YD0D1

EUR/JPY's 30/60-day long correlations with USD/JPY well above +0.50

The two currency pairs close in the same direction more often than not