• Flat after falling 1.1%, leading USD lower, as yen shorts trim into year end

• Potential for hawkish Yamaguchi as BOJ governor gained traction nL4N33J0FV

• Appointment in April 2023, rumours on the outcome to likely cause volatility

• No Japan data today or significant BOJ speeches - year end flows to lead

• Charts; momentum studies conflict, 21 day Bollinger bands head lower

• 10 & 21 DMAs fall, Tenkan and Kijun lines flat line - net negative setup

• Bias lower while USD/JPY closes below 135.23 Kijun line, capped in December

• 130.58 Dec 20 low is initial significant support

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