USDJPY Daily Forecast

The USDJPY attempted to push lower yesterday, but the 91.80 area has proved  itself as a good support at this phase as the pair whipsawed to the upside, closed higher at 93.01 after touch that support area. My view remains the same, that any upside movement, as long as the pair stay below 94.60, should be seen as correction. However, we have “hammer” formation appeared on daily chart indicating that we might have another upside correction today testing 93.60 area. Break above that area should trigger further upside correction testing 94.60.