USD/JPY found support at 121.28 last week, ahead of the 121.02 Fibo

121.02 Fibo is a 38.2% retrace of the 114.41 to 125.10 March (EBS) rise

Initial scope for gains above last Wednesday's 123.20 high

A 123.20 break would in turn accelerate the market even higher

14-day momentum is positive, reinforcing the underlying bullish market

Also the tenkan and kijun lines are increasingly positive aligned

EUR/JPY sees a 135.13-135.64 Monday range so far, according to EBS data

USD/JPY Trader TGM2336 Previous update nL2N2VZ0DK