USD/JPY's bearish bias was burnished by drop below the 104.22 tenkan

It had caught prices yesterday and through the London morning today

A break toward Nov's 103.18 EBS low was averted by last week's 103.68 low

A failed rebound into the tenkan at 104.22 would weaken outlook further

A close below 103.68 low would be a bearish end to a 4-week consolidation

Only the Mar. 12 103.10 pullback low ahead of March's 101.18 spike low

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