* USD/JPY's broken below tenkan and 50% of post-NFP & post-CPI rise props
* Low at 108.85 on EBS is on the up trendline from January
* Trendline has been breached, but yet to be closed below to confirm reversal
* 21-day moving average is at 108.81, eyed after 21-d Bolli tops last week
* Treasury yields near flat, dollar off broadly on reflation, carry trading
* Market still not pricing in any Fed rate hikes until 2023
* But dollar to suffer inflation erosion between now and then
* Japan rates steady, but inflation far lower than US, real JGB yields higher
* Today's U.S. housing data unlikely to impact dollar
* Key support is at 108.34 and the flat cloud base at 107.69
(Randolph Donney is a Reuters market analyst. The views expressed are his own.) ((Randolph.Donney@ThomsonReuters.com))
