USD/JPY slump continues this week, with the near-term focus on 126.56 Fibo

126.56 Fibo is a 50% retrace of 101.18 to 151.94 (2020 to 2022) EBS rise

Fourteen-week momentum remains negative, reinforcing the bearish market

An eventual break under the 126.56 Fibo would likely see a much bigger drop

Offer at 129.90. USD/JPY Trader TGM2336. Previous update nL1N33W0F6

EUR/JPY range has been 139.34-140.40 on Friday