There is scope for USD/JPY to rise through the major 149.43 Fibo

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

Spot has managed seven daily closes in a row above the 146.47 Fibo

146.47 Fibo is a 23.6% retrace of the same 161.96 to 141.68 drop

14-day momentum remains negative, however, pointing out the downside risk

USD/JPY Trader TGM2336. Previous update nL1N3K20BC