Economic Calendar
This week, the financial markets could react to United States macroeconomic events.
On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change is capable of creating moves. Afterwards, note the ISM Services PMI at 14:00 GMT.
On Friday, one of the top events will take place. The US employment data sets will be published at 12:30 GMT. The US release will consist of the Unemployment Rate, Non-Farm Employment Change and the Average Hourly Earnings change.
USD/JPY hourly chart analysis
A breaking of the 151.75/151.85 range is set to test the 152.00 level, before aiming at the weekly R2 simple pivot point at 152.30.On the other hand, a decline is bound to look for support in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 151.38/151.50. Moreover, the 151.50 level has been impacting the rate on its own. If these levels fail, the 151.00 mark is set to once again act as support.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, note that the 152.00 level marks the 2022 high level.Daily chart
During Tuesday's trading hours, trader open position volume showed that Dukascopy traders were 64% long.
Meanwhile, pending orders in the 100-point range around the rate were 58% to sell the USD/JPY.