• The daily chart shows USD/JPY bias remains on the upside

• Tenkan and kijun lines are positive aligned, highlighting the bull bias

• 14-day momentum positive since mid-Dec, adding to the upside potential

• A move above Dec's 158.09 high would unmask the 2024 161.96 peak

• A break and daily close under 155.86 Fibo, however, would defer

• 155.86 Fibo is a 23.6% retrace of the 148.65-158.09 (Dec) EBS rise

Daily Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)