USD/JPY still trading above the tenkan line, pointing to the upside risk

Daily tenkan line, the midpoint of the last nine sessions, is now at 145.33

14-day momentum turned positive on Mon, but set turn negative at Tue's close

Also the negative alignment of the tenkan and kijun lines points to a drop

We remain short at 146.40 in anticipation for an eventual relapse

USD/JPY trader TGM2336. Previous update nL1N3KK05Z