Forex Flash: USD/JPY correction lower may be over - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts now suspect that the downside correction is over, as the USDJPY jumped on today's Asian session. "A move above 90.25/26 is needed to reassert upside pressure, our target remains 93.32 - the measurement higher of the triangle", wrote analyst Karen Jones.

"Provided the market remains under pinned by 87.15/86.87, this is the location of its 23.6% retracement of the move up from September and the 2 month uptrend an upside bias persists, initial target is 90.25/26", Jones added.