The pair is still clearly on a sideways trend, trading at 134.00 yens per euro. The pair is regaining part of the terrain from Friday, after hitting a weekly low at 132.85 yens per dollar.The bands of Bollinger show a volatility of 85 pips in the hour, while the RSI is on a clear neutral zone.

If we analyze the one hour candles chart, the price is consolidating with the fibo 38.20%, marked between 138.29 and 131.04 yens per euro.

/