The pair's bearish momentum continues to unfold as it saw further weakness the past week driving it further lower to 85.01 on Friday. The risk now remains for further decline towards the 84.80 level, its 2010 low followed by the 82.00 level, its psycho level. However, a violation of the 88.11 level will have to occur to annul its present downside weakness and bring gains towards the 89.14 level with a clearance of that level turning attention to the 89.68 level, its broken rising trendline. All in all, USDJPY now looks to weaken further in the day's ahead.
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