• USD/JPY's Thu/Fri highs at 149.83/4 on EBS shy of Oct's 150.165 peak

• And shy of 2022's 32-yr peak at 151.94 and nearby 2023 channel top

• Tsy-JGB yields slightly lower amid haven flows re ME conflict fears

• Tsy ylds bounce on jump in Mich consumer inflation outlook was muted

• Came after Sep import prices were well below forecast on USD strength

• Broad concern is Japan's MoF reprises FX intervention from Oct '22

• Japan's FinMin told G20 that FX action may be needed, is appropriate

• Soaring USD/JPY keeps Japanese imported inflation rising

• Beyond ME events, Tues's US retail sales are in focus, f/c soft

• The control group is f/c unchanged m/m after just 0.1% in Aug

• Charts and macros suggest risk of a USD/JPY fall ahead of 2022's peak

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