USD/JPY continues to trade under the cloud that now spans 156.05-157.50

Wednesday, Thursday closes below the 154.22 Fibo adds to the downside bias

154.22 Fibo is a 50% retrace of the 146.48-161.96 (March-July) EBS rise

There is scope for an eventual retest of May's 151.86 low

However, long tail on Thur's candle points to a possible downside rejection

USD/JPY Trader TGM2336. Previous update nL1N3JH09S