In the afternoon, the United States will publish its April retail sales release. I am waiting for the release of positive results, inasmuch as the growth of employment and the increase in income of the population allow us to count on the release of data better than the consensus forecast.

Against this background, we can count on the growth of the American stock market, which in turn will have a positive influence on this currency pair, insofar as USDJPY is historically correlated with the S&P500 index. Inasmuch as the US Federal Reserve will increase the volume of asset repurchases to $12.4 billion tonight, this factor will provide additional support to the US stock market.

Trading recommendation: Buy 109.40/109.25 and take profit 109.80.