• USD/JPY has fallen from 160.69 to 159.44, on Wednesday, according to EBS data

• Rising tenkan line, the midpoint of the last nine trading sessions, supports at 159.38

• Spot remains on course for an eventual break above the 160.63 Fibo

• 160.63 Fibo is a 61.8% retrace of 163.99-155.20 intervention fueled drop

• EUR/JPY slump puts the September seasonal trend at risk

• BOJ Ueda signals chance of September rate hike, hawkish Takata call for "nimble" hike

• Bessent urged BOJ chief to combat weak yen with 'decisive' monetary steps

Daily Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)