• USD/JPY risen from 159.06 to 159.48, on Tuesday, according to EBS data

• Spot's recovery persists after finding support at the key 158.03 Fibo

• The 158.03 Fibo is a 38.2% retrace of the 155.20-159.78 rise

• Likely solid resistance near last week's 159.78 peak

• Note both the USD/JPY and EUR/JPY usually struggle in August

Daily Chart


(Martin Miller is a Reuters market analyst. The views expressed are his own)