Economic Calendar
The US Core PCE Price Inflation at 12:30 GMT on Friday and the next week's Federal Reserve Rate hike are bound to set the tone.
Hourly Chart
From a technical analysis perspective, the pair's decline would have to pass below the 133.00 level, before approaching the weekly S2 simple pivot point at 132.67 and the 132.50 level.
However, a potential recovery of the US Dollar against the Japanese Yen, would have to break the 133.90/133.95 range and the 134.00 mark. Higher above, note the 200-hour SMA near 131.20 and the weekly simple pivot point at 134.25.
USD/JPY daily chart's review
On the daily candle chart, the pair has moved above the 50 and 100-day simple moving averages. Note the 200-day simple moving average near 137.15, which might act as resistance.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 53% 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 60% to buy the USD against the JPY.