USD/JPY has managed six daily closes in a row above the 146.47 Fibo

146.47 Fibo, a 23.6% retrace of the 161.96-141.68 (July to August) EBS drop

Expectation is for much bigger gains to the 149.43 Fibo

The 149.43 Fibo is 38.2% of the same 161.96 to 141.68 fall

14-day momentum remains negative, however, that highlights the downside risk

USD/JPY Trader TGM2336. Previous update nL1N3K107T