Even without the Iron Fist, Junzo is a world class master martial artist, having defeated Iron Fist at all of their meetings as well as Night Thrasher and Steel Serpent, he is easily one of the most skilled practitioners of unarmed combat in the Marvel Universe.
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He engaged Night Thrasher and his team in combat and would have won if the New Warriors had not retrieved Rand and beat a hasty retreat.
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Incidentally, this was one of the sensei’s of the New Warriors leader Night Thrasher.