The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50.
During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area.
Economic Calendar
This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility remains intact during the release.
On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT.
Take a look at all of the historical reaction tables by clicking on the link below.
USD/JPY short-term daily review
On Friday, the USD/JPY currency pair pierced the Fibo 38.20% at 106.86. During today's morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP at 107.10.Hourly Chart
On Monday, on the Swiss Foreign Exchange 54% of open position volume was in short positions
Meanwhile, trader set up pending orders in the 100-pip range were slightly bullish, as 55% of orders were to buy.