Source: Thomson Reuters
- Philly Fed & 119 expires tug on USD/JPY prices Philly Fed overall not bad, but big Inventories rise, 6-mo outlook are worries
- Treasury yields fell slightly on report, added to big 119 expiry pull at 10ET
- Some bids at 118.87 from converged hourly Tenkan & Kjun; cloud bottom at 118.83
- N225 futures remain near highs, underpin USD/JPY
- USD-JPY 2-yr yield spreads lagging, but Claims drop limits downside
