• USD/JPY highs since Jun 8 have faltered by the now-falling 200-HMA, last at 123.80
  
  
• 2-yr yield spreads are supportive; 10s help today, too; PPI firm
  
  
• 50% Fibo, Tenkan & Thur's high at 124.16/19 are key pivots above 200-HMA
  
  
• Questions re Japan's yen view & poor USD responses to NFPs & RS weigh 
  
  
• 2.3bln of 123 expiries a potential drag into 10ET cut; bids into 123 & 122.37-50
  
  
• Interim offers by 124, stops above