FXstreet.com (Barcelona) - The Dollar uptrend against the Yen seems to have taken a break and the USD/JPY has opened a consolidation period; The USD/JPY has moved sideways during Monday's Asian session from a minimum of 97.00 to a maximum level right below 98.00.
According to the Mataf.net Technical team, the USD/JPY will move between current levels for the forthcoming sessions: USD/JPY is in an uptrend supported by 1H exponential moving averages. USD/JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 99,00 (159 pips). The consolidation should continue.