Economic Calendar
On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar.
Hourly Chart
A move below the support zone near 134.00 might look for support in the 200-hour simple moving average near 133.70. Further below, note the 133.50 level and the weekly simple pivot point at 133.20.
However, a resumption of the USD surge against the Japanese Yen is expected to be slowed down by the combination of the weekly R1 simple pivot point at 134.58 and the 50-hour simple moving average near 134.50. Higher above, the 135.00 could once again act as resistance.
USD/JPY daily chart's review
On the daily candle chart, the pair appears to have moved above the 50 and 100-day simple moving averages. Note the 200-day simple moving average near 137.35, which might act as resistance.Daily chart
Since Wednesday, on the Swiss Foreign Exchange, traders were 60% 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 65% to sell the USD against the JPY.