Dollar has reached a critical junction nL1N2LN0O2

USD/JPY bulls seem to be gearing up for a charge at 108.56 Fibo nL1N2LO0CM

108.56 Fibo a 76.4% retrace of 111.71 to 102.60 (Mar 2020 to Jan 2021) fall

USD/JPY has seen a 109.13-109.36 range on Friday, according to EBS data

Offers said to be thick above 109.30, some from recent longs booking profits

USD/JPY long exits have intensified since Wed as spot heads higher

USD/JPY, EUR/JPY 30-day log correlation remains under +0.5