Market hit a new 2023 peak at 147.37 Tuesday, expect gains above this level

Spot has since suffered a setback, but this is likely to be short-lived

The weekly close above the 146.11 Fibo on Friday keeps the bias on higher

146.11 Fibo is a 76.4% retrace of the 151.94-127.22 (2022-2023) EBS fall

14-week momentum remains positive, reinforcing the overall bullish bias

USD/JPY Trader TGM2336. Previous update nL1N3AA0EH