USD/JPY Daily Outlook

[Forex-Outlook]

USD/JPY drops further today as low as 90.85 so far and touches mentioned 90.86 support. Intraday bias remains on the downside and break of 90.86 will send USD/JPY further lower towards 88.13/25 support zone. On the upside, above 92.14 will turn intraday bias neutral first. Break of 92.96 minor resistance will flip intraday bias back to the upside for 93.62 and above. But after all, we'd expect strong resistance from there to limit upside and bring another short term fall.

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