Economic Calendar
On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market.
To see historical move tables click on the link below.
Hourly Chart
A move above the 129.50 level could encounter resistance in the technical levels that are spread out from 129.65 up to 130.00. Higher above, the 130.50 level might once again could stop a surge.
Meanwhile, a potential decline would look for support in the weekly S1 simple pivot point at 129.15, the 50-hour simple moving average and the 129.00 level, prior to reaching the 128.50 mark.
USD/JPY daily chart's review
On the daily candle chart, the pair has clearly broken the channel up pattern, which guided the rate's surge from the low level of March 30.Daily chart
On Friday on the Swiss Foreign Exchange, traders were 62% short as that amount of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 75% to sell the USD against the JPY.