Slightly better risk sentiment helping
The US dollar is getting a minor lift against EUR and JPY.
USD/JPY is starting to get interesting in the short-term technical picture as it takes out the late Friday high of 121.17.
The negative sentiment got a little bit out of hand on Friday. I don't know if a retracement will last the entire day but I expect a bit better sentiment at least until the open of the US stock market.
I'd expect to see 121.50 before 121.00.