You have a leak which is sealed when applying pressure. I'd replace all the banjo washers for a start but I'd be critical of the hoses & maybe the calipers or mc has a track that allows air in, like if there is a corroded surface. The lines should be replaced every 2 years (or so my old manual used to tell me). ok that is ridiculous, the lines will probably last 20 years. But 24 years have passed. . .
Only other idea is (memory fading), the CBX has an antidive mechanisim (4 way adjustable). Buggered if I can remember how it is actuated, if there could be a leak there.
. . .or did it have a mechanical pivot that pushed when the brake was applied so it didn't affect the fluid like the silly Suzuki one of the same era? think it may but too many beers ago.
Don't you look at my accountant.
He's the only one I've got.
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