USD/JPY spiked past 129 on BOJ Kuroda's dovish comments nN9N2TD01L
Japan's inflation pressures modest vs US, Europe and others
But Wed's 129.43 20-year peak on EBS not retested yet
Heavily O/B prices, biggest spec long since 2018 beg for consolidation
Uptrend also slowed by 10-yr Tsy-JGB yield spreads cresting nL2N2WK1HJ
Rapid Fed rates hikes lift S-T spreads, but Tsy curves is flattening
Eventually Fed hikes, QT will lower inflation and GDP growth
Central Bank tightening beyond BOJ stasis already hitting riskier assets
Also concern yen's broad plunge will weaken Japan's economy
MOF might eventually try to break its fall, but G7 window now past
Daily on-close pivot pt & 10-DMA props are at 126.98-96
Uptrend's intact while closes are above those levels
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