USD/JPY (a 4-hour chart)
The Japanese currency fell against the dollar last Friday. It is soviously that the crucial news for the dollar/yen was the events in the USA government debt market where there was a steady bond yields growth.
The government lowered the economic situation evaluation since the 2012 fall. The reason of that was a consumers spending reducing after the recent increase in the sales tax. It is possible that this news set investors for the next monetary policy easing.
The first support is 102.23. The resistance is 103.00.
The Kijun-sen and the Tenkan-sen are directed upwards. The Tenkan-sen is crossing the Kijun-sen upward. The northern movement is strong as the pair is below the Cloud. The Cloud is directed down. The southern movement remains until Kijun-Sen is above the price.
The MACD histogram is in the positive zone.
The U.S. dollar pullback led to a 102.23 breakthrough. The main growth target is a strong resistance level 103.00. Still the volumes are decreasing and we are awaiting a bounce down.