USD/JPY (a 4-hour chart)
The main reason that the pair fell is that the Japanese Minister was not convincing enough in his reports.
Traders who held long positions at the level 80 had a great temptation to close them. If the price breaks 94.0 level it is likely to fall to 90.0 or even lower.
If Kuroda does not introduce the new policy in the nearest future the pair will get under pressure.
The sell signal is confirmed. The price is below the Ichimoku cloud.
The price is being traded below the Kijun-Sen and Tenkan-Sen, Kijun-Sen line is pointing down, the cloud has a neutral form.
Bands Bollinger Bands formed a side downtrend channel.
MACD began to go down.
The pair continued to grow on Monday after testing 99.
We expect a slow decline. Should the pair break 97.35 and the falling may continue to 95.50 and 96.30. But the correction will not last long, we expect a return to the level 100 or higher soon.