USD/JPY (a 4-hour chart)
The pair could find power that was needed to stabilize above 99.02.
The U.S. currency has stopped growth at 99.97 in front of a good defense and finished the 100.1 level below 99.01, but above 98.66 after the NFP. Over the next week the main event will be a meeting of the Bank of Japan, which will take place on Thursday, for the first time after the Japanese election held two weeks ago, and the market will be watching the Bank of Japan will continue the current policy of expansion, but at the next meeting is not expected to further easing and around it is clear that they are willing to sit idly by.
After the dollar/yen bounced off the Senkou Span A, which is the lower boundary of the cloud, it has moved beyond the clouds and formed a big "bull" candle, and managed to break up the two trend lines. However, the price could not resist and formed a "bear" candle, the price went down to the cloud.
Trend Tenkan-Sen and Kijun-Sen intersected in a descending "dead cross". Kijun-sen is moving in a horizontal direction parallel to the cloud, and the Tenkan-Sen continues to decline.
Bollinger Bands follow the price down. The indicator shows a high volatility.
MACD is growing, confirming the current upward movement.
From a technical point of view, the pair formed a triangle.
All over it is obvious that the pair will slowly fall to a level 98.02, and possibly lower, but is likely to remain fairly pointless in anticipation of the Bank of Japan, which will take place on Thursday.