FX traders can insure against a USD/JPY revival nL1N2LT0SV

Chart shows bulls have the upper hand despite big setback nL1N2M00AQ

USD/JPY setback this week has remained about previous 109.56 Fibo resistance

109.56 Fibo is 76.4% of the 111.71 to 102.60 (Mar 2020 to Jan 2021) drop

USD/JPY has seen a 109.58-109.94 range on Wednesday, according to EBS data

Huge build up of 109.97-110.00 NY cut expiries worth USD 2.4bn could draw

Talk of offers circa the 110 psychological level that could cap near-term

USD/JPY, EUR/JPY 30-day log correlation remains under +0.5