USD/JPY managed to close above the 156.68 Fibo for the 1st time on Thursday

But relapsed Friday to close back below 156.68 Fibo: a possible "bull trap"

156.68 Fibo is a 76.4% retrace of the 161.96 to 139.58 2025 (EBS) fall

A bull trap is set when a mkt brks above a level but then reverses: bearish

However, Fed/BOJ decisions last week means downside is limited nL1N3NK0AB

Note also that specs continue to snap up the bullish dollar nL1N3NN06H

USD/JPY has seen a 156.35-156.81 range, on Monday, according to EBS data

The euro usually climbs against the yen in December nL2N3N50BM

The 30 and 60-day correlations between USD/JPY and EUR/JPY are high