USD/JPY briefly broke above 128.27 Fibo, Tuesday, before the latest relapse

128.27 Fibo, a 38.2% retrace of the May 131.35 to 126.37 (EBS) drop

That keeps the bias on the downside, expect a drop under the May 126.37 base

That in turn will unmask the thickening 121.92-125.85 daily cloud region

Especially as 14-day momentum is negative, reinforcing the downside risk

EUR/JPY sees a 137.08-98 Tuesday range so far, according to EBS data

USD/JPY Trader TGM2336