USDJPY Forecast

The USDJPY had a significant bearish momentum yesterday, break below 88.00 and now testing 87.00 area. The bias is bearish in nearest term especially if price able to move below 87.00 targeting 86.50 and 85.86 region before testing 84.82.  On the upside, another movement back above 88.00 could lead us into neutral zone as direction would become unclear in nearest term but the main scenario remains to the downside.

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