USDJPY Forecast:

The USDJPY attempted to push lower yesterday, bottomed at 88.55 but as you can see on my h4 chart below price still trapped in range area of 89.50 – 88.50 so far but the main outlook should remain bearish targeting 87.35 in nearest term especially if price able to consistently move below 88.50 area today. Immediate resistance at 89.00 followed by 89.50 area.