<p style=““ class=“text-align-justify“>The dollar is lightly higher on the day and that is helping to keep USD/JPY underpinned but the pair in general tends to see a much wider range than most dollar pairs recently, feeding off some volatility after the drop back below 135.00 at the end of July.</p><p style=““ class=“text-align-justify“>As much as buyers are holding up, there is still a sense of directionless movement in USD/JPY for now. The downside for the pair is limited closer to the 100-day moving average (red line) while topside action is capped by the 135.00 handle. All eyes are on the bond market for what comes next and <a target=“_blank“ href=“https://www.forexlive.com/news/the-bond-market-continues-to-be-a-key-spot-to-watch-in-the-week-ahead-20220815/“ target=“_blank“>there might be more waiting to do in that sense</a>.</p><p style=““ class=“text-align-justify“>Looking ahead, the US retail sales data tomorrow will be one to watch in terms of risk events for this week.</p>

This article was written by Justin Low at www.forexlive.com.