USD/JPY has relapsed back under the daily tenkan line, now at 145.33

A daily close under the tenkan line would be quite a bearish sign

Note fourteen-day momentum turned negative on Tuesday

Alignment of the tenkan and kijun lines also points to a bigger drop

We remain short at 146.40 for our 143.60 target, trailing stop at 145.80

USD/JPY trader TGM2336. Previous update nL1N3KL06X