USDJPY Forecast:

The USDJPY continued its bearish momentum yesterday, bottomed at 88.79 and closed at 89.09 and corrected higher around 89.23 at the time I wrote this comment. This fact should keep the bearish scenario intact with nearest technical target around 88.50 before aim for 87.40 area even 85.00 region in longer term. Immediate resistance at 89.50. Break above that area should lead us into no trading zone as we might have further upside correction testing 90.50 area but I still prefer a bearish scenario at this phase.