• USD/JPY fell to 127.03 before recovering some risk-off losses

• The low held just above the Apr. 19 on-close pivot point low at 126.98

• Prices now back above tenkan and 10-DMA at 127.26/45 on EBS

• Hasn't been a sub-10-DMA or pivot pt close since Mar. 4's at 114.65

• Tsy-JGB yields down as Tsys sought for safety amid global derisking

• Japan's PM said BOJ should stay ultra-loose nL2N2WO1H9

• And the FinMin denied joint intervention talk with US nT9N2WH00L

• Huge net spec USD/JPY long is potential selling fuel, but burden's on bears

• No change in YCC, rates from BOJ on Thursday

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