FXstreet.com (Buenos Aires) - USD/JPY Current Price 99.28. Pair overextended rally finally halted, and price is consolidating between 99.00 and 99.55 tight horizontal channel. Under the last downside correction could extend to the 98.50 zone, where we have an ascendant trend line that should hold the downside.

Indicators pointing to the downside, support the correction, despite bigger time frames suggests longer term upside bias, said Valeria Bednarik, collaborator at FXstreet.com.

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