The scope is for USD/JPY gains to retest the 2022 151.94 peak

Spot dropped but failed to register a close under 149.04 Fibo, a "bear trap"

149.04 Fibo is a 50% retrace of the 147.30 to 150.78 October (EBS) rise

A bear trap is set when a market breaks below a level but quickly reversed

A daily close under the 149.04 Fibo will shift the bias back to the downside

EUR/JPY sees a 158.29-159.43 range, according to EBS prices, on Tuesday

USD/JPY Trader TGM2336. Previous update nL1N3C00GW