Economic Calendar
There are no scheduled events, which might impact the currency exchange rate.
Hourly Chart
A resumption of the US Dollar surge, the pair would face the resistance zone near 133.00. Higher above, note the weekly R2 simple pivot point, which might act as resistance.
Meanwhile, a decline of the pair below 131.50 could look for support in the 131.00 and 130.50 levels, before approaching the weekly simple pivot point and the 100 and 200-hour simple moving averages near 130.15/130.30.
USD/JPY daily chart's review
On the daily candle chart, the pair has broken more resistance levels. Most recently, the pair was piercing the 50-day simple moving average and could soon spike up to the 135.00 mark.Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were 63% bearish, 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 68% to buy the USD against the JPY.
On Friday, the open positions were 61% short and pending orders were 80.00% to sell.