Economic Calendar
On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves.
On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be published. The event might cause minor USD volatility.
The day will end with the US ISM Services PMI, which might cause minor volatility.
On Friday, the US is going to publish employment data at 13:30 GMT.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
In the case that the rate passes below the 114.50 mark and the 200-hour simple moving average, the USD/JPY would have no support as low as the 114.00 level and the weekly S1 simple pivot point at 113.93.However, a surge of the USD against the Japanese Yen might find resistance in the weekly simple pivot point at 114.81, before aiming at the combined resistance of the 50 and 100-hour simple moving averages near 115.20.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the Federal Reserve has accelerated the pair's recovery from the support of the 113.50 mark. Most recently the surge has moved above the zone of the 2017, 2018 and 2019 high levels at 114.35/114.75.In the case that the surge extends, on the daily candle chart, note the resistance of the November high at 115.50. Above that level, note the January 1 2022 high level.
Daily chart
Since Monday, on the Swiss Foreign Exchange, traders were short, as 74% of open position volume was in short positions.
Meanwhile, on Tuesday, trader set up pending orders in the 100-pip range around the rate were 75% to buy.