The USDJPY pair shows some bullish bias now to test the key resistance 107.68, noticing that the EMA50 meets this level to add more strength to it, reinforcing the chances of continuing the expected bearish trend on the intraday basis, which targets 106.44 level initially.
Therefore, the bearish trend scenario will remain valid in the upcoming sessions unless breaching 107.68 level and holding with a daily close above it.
The expected trading range for today is between 106.60 support and 108.00 resistance
The expected trend for today: Bearish