Economic Calendar
On Friday, the US Dollar and the Canadian Dollar are set to react to the monthly US and Canadian employment data. Among the data will be the employment changes and unemployment rates of the two countries.
Hourly Chart
A continuation of the decline might look for support in 128.50, 128.00 and 127.50, before reaching the weekly S1 simple pivot point at 127.43.
However, a recovery of the US Dollar against the Yen would have to pass the resistance zone at 128.90/129.10, the 200-hour simple moving average and the weekly simple pivot point at 129.34.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached above the 2015 High level. In regards to historical levels, note the 2002 high level at 135.00 and the 1998 high at 147.60.Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were short, as 59% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 58% to sell the USD against the JPY.