• 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

For more click on FXBUZ