• USD/JPY spikes below Cloud/50% Fib at 118.94, but no closes below them
  
  
• COT net short Yen posis almost back to flat; yield spreads starting basing out
  
  
• Fed & BOJ seen steady this week; Japan CPI & GDP both weak, but BOJ QQE3 surprise doubted
  
  
• Treasury yields & Fed hike expectations the main driver (Q2 rebound proof key)
  
  
• TrendLine, Cloud top, expiries by 120 attract