USD/JPY has risen from 136.80 to 137.85, on Wednesday, according to EBS data

Spot's recovery from the 133.62 multi-week low persists

The recent "bear trap" puts the focus on the key 137.94 Fibo nL1N32X0HX

137.94 Fibo is a 23.6% retrace of the 151.94 to 133.62 (EBS) drop

USD/JPY's rise could run out of steam ahead of the 137.94 Fibo

However, euro has a strong bias to rise against yen in December nL1N32V0KP

Japan's FX reserves up for first time in 4 months nL4N32X07Y