- Rally off 78.30/35 support capped by short term system accts cutting longs

- Yields on U.S. 2 year paper continue to sag, currently tests support near 0.25bps

- Bearish pattern forming on s-t charts

- Mkt talk of stops through 78.30 with large touted through 77.90 down to 77.50

- The mid-77 area may see some BoJ fears surface and stem a slide