USD/JPY (a 4-hour chart)
Important news that will set the market in action is not expected. The yen is under the pressure of general mood of investors who in connection with a long weekend do not take active steps. However it is likely that Asian investors remaining in the period of holidays in Europe can cause a high volatility.
There is a confirmed and strong buy signal. Chinkou Span below the price, the price is above the Ichimoku cloud. Northern movement remains until the price is above the line Kijun-sen. Tenkan-sen and Kijun-sen are horizontal.
Bollinger bands show the upward movement.
MACD histogram crossed the zero line upwards, giving a signal to buy.
The dollar could not to upgrade a maximum of the last week for a short time. Volumes formed a divergence. The correctional rollback down is possible. In this case the level 104.02 will be the immediate target. At the break of this level a road to the level 103.33 will be opened.