USDJPY Forecast:

The USDJPY attempted to push lower yesterday, bottomed at 89.76 but closed higher at 90.12. The nearest bias is neutral but I still prefer a bearish scenario at this phase after the violation of the bullish channel, which indicate bullish failure testing 89.50 even 88.50 area. Immediate resistance remains around 90.50/60 area. Break above that area should lead us into no trading zone as direction would become unclear.