USDJPY Forecast:

The USDJPY made another indecisive movement yesterday. The bias remains neutral in nearest term and I am expecting a range area between 89.50 – 88.50 but still within a bearish scenario. Break above 89.50 could trigger further upside correction testing 90.50 area. On the other hand, break below 88.50 could trigger further bearish continuation towards 87.35 area.