USDJPY Forecast:

The USDJPY had a significant bullish momentum on Friday. The pair 97.77 and closed at 97.56. On daily chart below we can see that the trendline resistance has been convincingly violated to the upside indicating bullish view. The bias is bullish in nearest term targeting 98.50 area. However CCI just cross the 100 line down on h1 chart so watch out for potential downside correction testing 96.70 support area.