USD/JPY rose 0.58% as MoF, BoJ yen support efforts continued to fail
Japan's MoF and BoJ continue to lean against the yen's weakness
But even with dovish US data on Friday, USD/JPY quickly rebounded
And did so after finding support by 2023/22 peaks near 152
Prices now nearing 50% of last week's collapse, April 30 low at 156.05/08
Big drops in Tsy-JGB ylds spreads appear to have bottomed out
Those spreads remain attractive as is low-yield yen as a funding currency
Focus beyond possible intervention risk is US CPI, sales data May 15
Wed's Fed speakers supported Treasury yields and the dollar
For more click on FXBUZ