USD/JPY retreated amid falling Tsy-JGB yld spreads and crude prices
Prices had gotten heavily O/B and in need of consolidation/setback
Failure to clear Tues's 154.77 34-yr highs by key 155 weighed
As did that stall coming after Fed Chair crushed rate cut hopes on Tues
Wed's Fed beige book report was less hawkish than recent data implied
That as there's little key US data until GDP, PCEs on April 25, 26
Speculation re BoJ yen intervention got a small lift from FinMin comments
So far Wed's range is just an inside day, consolidating big gains
10-DMA, daily on-close pivot pt and tenkan props are at 152.80-97
There is a massive $6.08bln of 153 expiries on Thur, 155s ongoing above
Japan CPI data is out Friday, core f/c at 2.6% vs 2.8% in Feb
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