Economic Calendar
On Thursday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT, the US Unemployment Claims at 12:30 GMT and the ISM Services PMI together with the JOLTS Job Openings at 14:00 GMT. These data sets will provide a first look at the US labour market situation, before the official data is released on Friday.
On Friday, at 12:30 GMT, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate will be released by the Bureau of Labor Statistics.
Hourly Chart
A move above the 144.00 mark could encounter resistance in the weekly simple pivot point at 144.08, the 200-hour simple moving average near 144.25 and the 50 and 100-hour simple moving averages near 144.40. Higher above, take into account the 144.50 level and the resistance zone at 144.90/145.05.
On the other hand, a decline of the rate might find support in the 143.50 level or the combination of the 143.00 mark and the weekly S1 simple pivot point at 143.08.
USD/JPY daily chart's review
On the daily candle chart, the pair has passed above the upper border of a broad channel up pattern that has guided the USD/JPY up since the start of the year.Most recently, the rate has reached the resistance zone below 146.00. The zone captures a 2022 resistance and support zone. It acted both ways since September up to mid-November.
Daily chart
On Thursday, on the Swiss Foreign Exchange traders were 52% 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 71% to buy the USD against the JPY.
On Wednesday, positions were 54% short and orders were 63% to buy.