USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 109.23 and hit 108.91 earlier today in Asian session. The bias remains bearish in nearest term testing 108.50 area. Immediate resistance is seen around 109.50. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 110.05 area my overall short-term bias remains bearish. On the downside, a clear break and daily close below 108.50 would invalidate my major bullish outlook.

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