Source: Thomson Reuters
- USD/JPY breaches cloud base & 50% of Jan-Mar rise at 118.94, triggering stops
- Pair already heavy on falling Treasury yields after very weak IP/CU report
- Big WTI upside breakout above winter range top adding to USD weakness
- Next support is at 118.71 (Mar low), but 61.8% & Feb 16 low at 118.22/11 are in prospect
