• USD/JPY settles after falling to new 4-mo. low of 148.56 around London fix

• Pair remains on its heels as Trsy yields slip, fwd point discount narrows

• Vols notch higher though bearish 1-wk risk reversals ease as pair nears 148

• Yen crosses remain lower; AUD/JPY on pace for lowest close since early Aug.

• USD/JPY momentum may be limited after series of lower highs is broken

• Supp: 148.55 100-week MA; 148.47 lower BOllinger; 147.20, Sept 3 high

• Resist: 150.73 intraday Friday, 150.93 Feb 7 low, 151.11 weekly cloud bottom
Yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)