Source: Thomson Reuters
- USD/JPY prices already above the Kijun at 120.185, but not the 120.37 Mar 31 high
- Mon & Fri's post-NFP Cloud bounces will be confirmed with close past Kijun
- Setup is similar to the Feb 6 Kijun breakout that led to new trend highs
- 2-yr yield spreads have been main drag on prices; new N225 highs ignored
- Yield spreads partly driven down by Japan pension buys & negative EUR rates
