Economic Calendar
On Friday, watch out for the US monthly employment data, which is bound to impact the markets at 12:30 GMT through the value of the USD.
Hourly Chart
A continuation of the USD surge against the Japanese Yen could be slowed down by the 136.00 mark, the combination of the 50 and 100-hour simple moving averages near 136.50. Higher above, note the 137.00 level and the weekly R1 simple pivot point at 137.53.
On the other hand, a decline of the USD/JPY below 135.00 could look for support in the 134.50 level and the combined strength of the 134.00 level and the weekly S1 simple pivot point at 133.98.
USD/JPY daily chart's review
On the daily candle chart, the pair has passed above the resistance of the 200-day simple moving average. The moving average acted as resistance in early March and caused a major decline during that month.The rate could be stopped by the 138.20/139.40 range.
Daily chart
After the US rate hike, on the Swiss Foreign Exchange, traders were 71% bearish, 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 62% to sell the USD against the JPY.