USD/JPY has staged a recovery after failing under the 144.63 Fibo

144.63 Fibo is a 38.2% retrace of the 141.52-146.56 August rise

14-day momentum remains positive, reinforcing the overall bullish market

An eventual break and close above the 2023 146.56 high will accelerate gains

Only a daily close under the 144.63 Fibo will shift the bias to the downside

USD/JPY Trader TGM2336. Previous update nL1N3A50HA