ING is 'mildly bullish' on for USD/JPY this week

"Mildly bullish". Huh. Dunno if these guys are ever gonna get onto prime time with that sort of comment :-D

Says ING on the USD/JPY: subject to upside risk on US reflation reality check

• The latest whipsaw in USD/JPY mirrored the path of long-doted US yields and sow a brief move above 115. Fundamentals suggest the next big move is higher but markets happy to wait before buying into Trump tax reforms
• Second-tier data in Japan (trade balance, PMI and retail sales) unlikely to have much of a market impact. Focus for the BoJ is keeping a lid on 10-year JGB yields (below 0.1%); expect to see an increased amount of buying again as was the case at the last operation (Y320 bn)

(Note is not from today overnight, so the current spot is a bit off)

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h/t and thanks to @AntBarton89