By the middle of Monday's European trading hours, the pair had surged to the 139.00 level.
Economic Calendar
This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00 GMT might impact the financial markets through the value of the US Dollar.
On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment.
The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment Rate, Non-farm Employment Change and the Average Hourly Earnings are set to be published.
Hourly Chart
If the rate manages to reach above the 139.00 level and the weekly R2 simple pivot point at 139.06, the pair would face no technical resistance as high as the weekly R3 simple pivot point at 140.35. However, note that the 139.50 and 140.00 levels are highly likely set to act as resistance.
On the other hand, in the case of a decline of the US Dollar, the pair might look for support first in the 138.50 level and the weekly R1 simple pivot point at 138.40. Further below, the 138.00 could slow down a decline, before the last week's high levels near 137.50 are reached.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached the July high level zone at 138.60/139.40. Above the high level zone, the 140.00 mark is expected to act as resistance.Meanwhile, the 50-day simple moving average appeared to be acting as support at 135.75. In addition, note the 2002 high level at 135.00 and the approaching 100-day simple moving average near 133.65.
Daily chart
On Monday, on the Swiss Foreign Exchange, traders were 71% short as that amount of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 50% to sell and buy the USD against the JPY.