USD/JPY rose to break and register a weekly close above the huge 152.60 Fibo

152.60 Fibo, a 38.2% retrace of major 277.65 to 75.31 (1982 to 2011) drop

That is a very bullish sign, backed by continued positive 14-week momentum

Scope for much bigger gains to eventually retest the 160 psychological level

A fall and weekly close under 152.60 Fibo would be a negative development

USD/JPY Trader TGM2336. EUR/JPY 166.06-166.87 EBS range on Thursday