Economic Calendar
On Friday, the financial markets are set to react to the publication of the US Producer Price Index release at 13:30 GMT.
USD/JPY hourly chart analysis
A surge of the US Dollar against the Yen could be slowed down by the 50-hour simple moving average near 150.30 and the 150.50 level. Above these levels, the rate is set to face the weekly R2 simple pivot point at 150.77 and the 150.75/150.90 range.In the case of a decline of the rate, the 149.50 level is expected to provide support. Below this level, take into account the 200-hour simple moving average. Further below, note the 148.50/148.80 range.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the USD/JPY has managed to break the previous 2024 high level range. It appears to have found support in the 1998 high level of 147.60.Daily chart
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Traders are neutral
On Thursday, trader open position volume showed that Dukascopy traders were 51% long.
Meanwhile, pending orders in the 100-point range around the rate were 67% to buy the USD/JPY.