USDJPY Forecast:

The USDJPY didn’t make significant movement yesterday, but price fails to stay above 90.50 area indicating that bullish run starts to lose some momentum and at the same time the minor bullish channel has been violated to the upside indicating bullish failure. The bias is bearish in nearest term targeting 89.50 area. Another movement above 90.50 could lead us into no trading zone as direction would become unclear.