The USDJPY continues to move in a horizontal channel launched in October 2010 that can be seen on the daily chart it.
At the moment, the signal is in effect is the sale but is not expected the pair to fall too as the 37 mark RSI is in overbought zone alert. For the short term trading is expected to bounce around the value 80.00 as there passes a Fibonacci retracement of 61.8 and is also an important psychological point because it is a round number.
The price continues to oscillate within the lower band of Bollinger Bands to be the focus with this quote 80.00.
For this week does not expect many macroeconomic data of interest to the par unless the publication of the Japanese gross domestic product scheduled for Wednesday.
The operating volume is within the range started at the end of April this year.
