USD/JPY has scope for a break above the recent new multi-year 160.24 high

Medium-term outlook bullish since spot overcame major 152.60 Fibo in April

Spot has managed to register four weekly closes in a row above 152.60 Fibo

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

We remain long at 155.25 for 165.00, meanwhile our stop is just below 150.00

EUR/JPY 165.73-166.45 EBS range on Tuesday. USD/JPY Trader TGM2336