Economic Calendar
On Friday, note the US ISM Manufacturing PMI at 14:00 GMT.
Hourly Chart
If the USD/JPY breaks the pattern and declines, the 136.00 level is expected to once again act as support. In addition, note the approaching 100 and 200-hour simple moving averages near 135.60/135.70. Further below, the weekly simple pivot point at 135.38 might act as support.
On the other hand, a resumption of the pair's surge could encounter resistance in the weekly R1 simple pivot point at 136.49 and the 136.50 level, prior to once again testing the 137.00 mark.
USD/JPY daily chart's review
On the daily candle chart, the rate appears to be surging in two channel up patterns.Daily chart
On the Swiss Foreign Exchange, traders are 73% short 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 70% to buy the USD against the JPY.
On Thursday, traders were 72% short and pending orders were 56% to buy.