Amended chart

• USD/JPY is trading comfortably above the 119.52 major Fibo

• 119.52 Fibo is a 76.4% retrace of 125.86 to 99.00 (2015 to 2016) drop

• A close at the end of this week above the 119.52 Fibo would be very bullish

• That would increase the likelihood of further gains towards 2015 125.86 peak

• We have raised our bid to 120.20 in order to take advantage of market dips

• EUR/JPY sees a 133.25-133.82 Wednesday range so far, according to EBS data

• USD/JPY Trader TGM2336 Previous update nL2N2VP0DX