The direction of USD/JPY is in the balance after the recent drop

Spot's dive from the recent 125.10 multi-yr high continued to 121.32 in Asia

Knocking out our 122.50 long and putting a 2015 125.86 peak test in doubt

However trading continues above 119.52 long-term Fibo, which is positive

119.52 is a 76.4% retrace of the 125.86 to 99.00 (2015 to 2016) EBS drop

EUR/JPY sees a 134.90-136.65 Wednesday range so far, according to EBS data

USD/JPY Trader TGM2336 Previous update nL2N2VW0CL