USDJPY Forecast:

The USDJPY failed to continue its bearish momentum yesterday, topped at 89.24 and closed at 89.02. This fact can be seen as a false breakdown below 88.50 area which potentially produce significant upside momentum testing 89.50 even 90.50 area. The bias is bullish in nearest term. Another move below 88.50 area should trigger further bearish momentum testing 87.35 region.