Economic Calendar
The top data set of the week will be released on Wednesday at 13:30 GMT. At that time, the US Consumer Price Index and Consumer Price Index are set to be published.
On Thursday, at 13:30 GMT, the US Producers Price Index and Core Producers Price Index data sets are scheduled to be published. At the same time, the US weekly Unemployment Claims could cause a minor impact on the USD.
The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
If the currency exchange rate declines, the 115.20 mark might act as support. Further below, the 115.00 mark is surrounded by a support zone, which kept the pair up during the end of 2021 trading.However, a recovery of the US Dollar against the Japanese Yen would have to pass the 115.50 level's resistance. The 115.50 mark acted as resistance at the end of November. In addition, note the 200-hour simple moving average located next to 115.50. Higher above, note the weekly simple pivot point at 115.64.
Hourly Chart
USD/JPY daily chart's review
In general, the rate appears to be surging in a channel up pattern since late July. The channel has pushed the USD/JPY to break long term high level records.In the future, the exchange rate could step by step surge to 117.00 and 118.00 levels, before reaching the 2016 high level at 118.50.
Daily chart
On Monday, on the Swiss Foreign Exchange, traders were short, as 75% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 57% to buy.
During Friday's trading, the sentiment was 70% short, and pending orders were 62% to buy.