Fixed level on 4th line from 146.112 to 146.11

• USD/JPY's medium-term chart shows a market set to extend higher

• There is scope for much bigger gains to the October 31 2022 148.84 EBS high

• Spot has managed two weekly closes in a row above the major 146.11 Fibo

• USD/JPY on course for a third close above 146.112 at the end of this week

• 146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) EBS fall

• We are now long at 146.75 for gains 148.70, while our stop is 145.95

• USD/JPY Trader TGM2336. Previous update nL1N3AJ0HE