USD/JPY's recent big slump saw it hit a new multi-month 127.22 (EBS) low

Despite the subsequent recovery moves, the risk is for a big relapse

There is scope for a slump under the major 126.56 Fibo, eventually

126.56 Fibo is a 50% retrace of 101.18 to 151.94 (2020 to 2022) EBS rise

Fourteen-week momentum remains negative, reinforcing the bearish market

Offer at 129.90. USD/JPY Trader TGM2336. Previous update nL1N3410FD

EUR/JPY range has been 138.84-139.54, on Tuesday, so far