• USD/JPY rises briefly on US core Retail Sales beat & revision upwards
  
  
• Thru 123.80 hurdles, Treasury curve flattening response limits rise as bond yields fall; 123.16 Tenkan resistance
  
  
• Focus should shift back to 2-yr spreads from 10s, but 200-HMA looms at 124.27, 122.37 Kijun/50% key
  
  
• Specs nervous BOJ will not do QQE3 & Fed hikes will be limited in total
  
  
• Weekly Japan buying of foreign bonds contracted for 2nd week