USDJPY Forecast:

The USDJPY had a moderate bearish momentum on Friday, bottomed at 90.59 and closed at 90.82. This fact should keep the bearish scenario targeting 90.15 remains intact and the bias remains to the downside. Immediate resistance at 91.30. Break above that area should lead us into no trading zone in nearest term but as long as price stay below 91.85 I still prefer a bearish scenario at this phase. Break below 90.15 area should continue the bearish scenario towards 88.00 area.