USDJPY Forecast:

The USDJPY failed to continue its bullish momentum yesterday and keep moving lower earlier today in Asian market. The bias is neutral in nearest term. I think this bearish pullback is just a normal correction after significant bullish last week. However, the bullish scenario might be in serious threat if price break below 93.75 area, testing 92.00 region. Immediate resistance at 94.69. Break above that area should continue the bullish scenario targeting 95.50.

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