Economic Calendar
There are no more notable events scheduled for this week. Next week's review is set to be published on Monday.
Hourly Chart
A decline of the US Dollar against the Japanese Yen would most likely look for support in the 128.00 level, the 100-hour simple moving average near 127.65 and the 127.50 mark. Further below, take into account the 127.35 level where the weekly R1 simple pivot point is located at.
Meanwhile, a surge of the pair would have to pass the 128.50 mark, before approaching the 129.34/129.40 zone.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached above the 2015 High level. In regards to historical levels, note the 2002 high level at 135.00 and the 1998 high at 147.60.Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were short, as 74% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 64% to sell the USD against the JPY.
On Thursday, the positions were still 74% short. Pending orders were 56% to sell.