Even though BOJ announced record stimulus to help the economy and end the 15 year deflation, the market is still buying the Japanese yen during the risk aversion periods. This is why last week the yen has gained in front of its most traded peers. The published economic data was relatively good.

Next week we will find in the economic calendar for Japan the Unemployment Rate, Preliminary Industrial Production, Retail Sales and Monetary Base.

From the technical point of view, we can see that the price of USDJPY was rejected from 100.00.  Now we can also look for a down break under 98.00. The 28 RSI has consolidated itself in the overbought area. If a break under 70 level will occur the price might also follow ant a correction might start.