Economic Calendar
On Friday, the financial markets are set to react to the publication of the US Producer Price Index release at 13:30 GMT.
USD/JPY hourly chart analysis
A surge of the US Dollar against the Yen could be slowed down by the 50-hour simple moving average near 150.30 and the 150.50 level. Above these levels, the rate is set to face the weekly R2 simple pivot point at 150.77 and the 150.75/150.90 range.In the case of a decline of the rate, the 149.50 level is expected to provide support. Below this level, take into account the 200-hour simple moving average. Further below, note the 148.50/148.80 range.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the USD/JPY has managed to break the previous 2024 high level range. It appears to have found support in the 1998 high level of 147.60.Daily chart
On Thursday, trader open position volume showed that Dukascopy traders were 51% long.
Meanwhile, pending orders in the 100-point range around the rate were 67% to buy the USD/JPY.