USD/JPY Mid-Day Outlook

[Forex-Outlook]

USD/JPY continues to stay in tight range below 93.50 and struggles to stay above 4 hours 55 EMA. But still, another rise is mildly in favor with 90.86 minor support intact. nevertheless, even in case of another rise, we'd expect upside to be limited below 94.97 high and d bring at least one more short term fall. On the downside, below 90.86 minor support will flip intraday bias back to the downside for 88.13 key support.

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