Economic Calendar
This week, scheduled events are over.
Next week, the top event of them all is set to take place. On Wednesday, at 18:00 GMT, the US Federal Reserve is set to hike its Federal Funds Rate.
Hourly Chart
A move below 132.50 could look for support in the 132.00 mark and the weekly S2 simple pivot point at 131.86. Further below, note the 131.50 and 131.00 levels.
However, a recovery of the US Dollar against the Japanese Yen is set to encounter resistance in the 133.50 level, the 50-hour SMA and the weekly S1 simple pivot point at 133.41, prior to approaching the 100-hour SMA and the 135.00 mark.
USD/JPY daily chart's review
On the daily candle chart, the pair has bounced off the resistance of the 200-day simple moving average near 137.70 and has declined to the support of the 50-day simple moving average near 132.45.Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were 65% 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 54% to buy the USD against the JPY.
On Wednesday, open positions were 67% short and pending orders were 55% to sell.