Economic Calendar
On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar.
Hourly Chart
A proper move above 135.00 could encounter resistance in the weekly R2 simple pivot point at 135.42 and the 135.50 level. Higher above, note the 136.00 mark.
On the other hand, a decline of the US Dollar against the Yen could find support in the weekly R1 simple pivot point at 134.58 and the 134.50 level.
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
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Traders are shorting
On 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 52% to sell the USD against the JPY.