USDJPY Forecast:

The USDJPY made another attempt to push lower yesterday, bottomed at 85.85 but closed higher at 86.32 and keep moving higher around on 87.30 at the time I wrote this comment. My technical focus in nearest term remains at the hammer (see h4 chart below) which should trigger further bullish momentum but we need a valid break above 87.50 resistance area to continue further bullish testing 88.80 and major trendline resistance (red). As long as price move below the trendline, bearish scenario in longer term remains intact.  I prefer to stand aside for now based on conflicting trend in short and longer time frame and bad risk-reward ratio.