Daily chart is negative after last week's failure ahead of the 149.43 Fibo

149.43 Fibo is 38.2% of the 161.96-141.68 (July to August) EBS drop

There has been a subsequent big drop after peaking at 149.40 last Thursday

Fourteen-day momentum remains negative, highlighting the bearish market

Scope is growing for a slump to retest the August 141.68 low eventually

USD/JPY Trader TGM2336. Previous update nL1N3K707H