USD/JPY's daily chart has thrown up conflicting signals

It is probably best to stand aside for now

Spot failed to close above the 146.11 Fibo, at the end of last week

146.11 Fibo is a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) fall

That failure warns of an impending top in USD/JPY

However 14-week momentum remains positive, reinforcing the bullish market

EUR/JPY has seen a 157.88-158.50 range, on Monday so far, EBS data shows

USD/JPY Trader TGM2336. Previous update nL1N39Y2F4