Source: Thomson Reuters
- USD/JPY likely squeezed between up TrendLine & hourly Cloud
- Year's up TrendLine held Tues's low, now at 119.30 & key lower pivot; stops sub 119
- Hourly Cloud base has been rejecting rallies, last at 119.60, but about to bottom
- Pair may see support from 1.9bln of 120 expiries, but fighting broad USD weakness
- 2nd tier & Feb US data unlikely to have much impact, 2-yr yield spread up
