The Denon 103 is not a high output MC, so phono stage overload is not the problem.
Marakanetz's suggestion may help. Here's another:
The Denon 103 and JMW-9 are not a good mass/compliance match. You need to add mass to the headshell or change to a higher compliance cartridge. Personally I'd avoid lowish compliance cartridges like the 103 if I had a lightweight, unstabilized unipivot. You'll have fewer problems with mid-high compliance cartridges.
Marakanetz's suggestion may help. Here's another:
The Denon 103 and JMW-9 are not a good mass/compliance match. You need to add mass to the headshell or change to a higher compliance cartridge. Personally I'd avoid lowish compliance cartridges like the 103 if I had a lightweight, unstabilized unipivot. You'll have fewer problems with mid-high compliance cartridges.