USDJPY is forming a cycle bottom at 86.96 level on daily chart. Bounce to 90.00 area would more likely be seen next week. Support is at 86.96, only fall below this level could indicate that the downtrend from 92.88 has resumed, then deeper decline is expected to 85.50 area.
For long term analysis, USDJPY has formed a cycle top at 94.98 level on weekly chart. Drop to 80.00 is expected in next several weeks.
