Economic Calendar
At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar.
On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a move in the US Dollar and all of financial markets.
Hourly Chart
A resumption of the US Dollar's surge against the Japanese Yen could encounter resistance in the 138.00 level and the combination of the 138.50 mark and the weekly R1 simple pivot point at 138.55.
On the other hand, a decline of the pair would look for support in the 50-hour simple moving average near 137.10 and the 137.00 level, before the pair approaches the 136.50 level and the 100-hour SMA.
USD/JPY daily chart's review
On the daily candle chart, the pair has broken the resistance of the 50-day simple moving average and is approaching the July high level zone at 138.60/139.40. Above the zone, the 140.00 mark is expected to act as resistance.Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were 71% 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 51% to buy the USD against the JPY.
On Monday, the sentiment was 72% short and pending orders were 52% to buy.