USD JPY Turns Main Trend Down

The USD JPY main trend on the daily chart turned down on the daily chart when the market broke through the last swing bottom at 90.08.

The USD JPY main trend on the daily chart turned down on the daily chart when the market broke through the last swing bottom at 90.08.  In addition, a 50% price at 90.15 has been violated.  The chart now indicates that 89.64 is the next likely downside target.

The next downside target for the AUD USD is .8948.

The NZD USD is testing .7159.  A close under this is bearish.

Upside momentum could take the USD CAD to 1.0871.

The USD CHF is still in a position to test the high of the week at 1.0285.