USDJPY Forecast:

The USDJPY made indecisive movement yesterday indicating consolidation. We have no significant technical movement so far, so I am still expecting a range area of 91.85 – 90.15/30. I think the best strategy remains to long around 90.15/30 area or to short around 91.85 with tight stop loss. Break above 91.85 should be seen as bearish failure and trigger further bullish momentum towards 93.75 while break below 90.15/30 area should trigger further bearish scenario towards 88.00 area.