• USD/JPY up by 150 and 2023's 150.165 peak on EBS after US PMI beat

• Tues's rebound from 149.32 was already led by a rebound in Tsy yields

• Japan flash PMIs deteriorated, but median inflation hit record 2%

• Uptrend line from Sep & Oct lows at 149.25 held Tues's 149.32 lows

• A close above 150 is needed to signal MoF intervention is less feared

• The upper 30-day Bolli at 150.58 is nearby resistance

• Key kijun support is at 148.73, and uptrend's intact unless closed below

• PM Kishida said BoJ should work with govt to lift wages, fight deflation

• That as Japanese govt works on extra budget that will increase JGB issuance

• Keeps the BoJ in JGB buying mode, YCC cap tweak possible at Oct. 31 meeting

• And keeps USD/JPY carry traders buying dips unless Tsy ylds trend lower

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