- USD/JPY clears May 5 high & export/spec offers by 120.50 on US data pop
- Price above upper 21-d Bolli for 1st time since early Mar: big + if closes above
- Apr 13's 120.85 swing high key; close above would end pattern of lower highs
- Overbought on hourlies, so may need a pullback before 120.85 offers are cleared
- USD-JPY 10-yr yield spreads at their highest since Dec 26; 2s since May 11


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