• USD/JPY up from Monday's 135.375 low on EBS as Tsy yields bounced

• Prices look a bit top-heavy, but yet to close below the tenkan & 10-DMA

• Both of those props, last at 135.575/84, were breached intraday

• Market bracing for Powell testimony Tues, ADP & JOLTS Wed and NFPs Friday

• Also have CPI and retail sales next week before Mar. 22 Fed meeting's end

• Huge curve inverting rise in Tsy ylds vs JGB needs more solid US Feb data

• Market already priced out BoJ yield cap raises despite ongoing distortions

• Prices face major resistance in the lower 137.00s

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