FXCBS Market Expectations; USD/JPY

The dollar against the yen is still trading in a bearish channel, and we expect the downward will continue this day for a couple to the target levels of 88,350 initially and then 87,000, these expectations require stability of the daily closing below 92,000.

Support and Resistance

Pair              R1             R2          R3           P             S1          S2            S3

USD/JPY    90.050    90.280    90.640    90.060    89.620    89.400    89.040