USDJPY Forecast:

The USDJPY still trapped in range area of 89.40 – 88.80/60 area on Friday indicating consolidation. The bias remains neutral and my strategy remains the same, which is to buy around 88.80/70 area or to sell around 89.40 with a tight stop loss. Break on either side should give us clearer direction towards 90.50 or 88.00 area. CCI in neutral area in both h1 and h4 chart.