USDJPY Forecast:

The USDJPY had a significant technical movement yesterday by break below the bullish channel, as you can see in my daily chart below. Like I said yesterday, this fact should be seen as bullish failure and could trigger further bearish momentum targeting 91.50 and 90.15 area. The bias is bearish in nearest term. Immediate resistance at 92.50. Break above that area should lead us into no trading zone as direction would become unclear for me.