Since mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 135.50/135.70 were periodically acting as support and resistance.
Economic Calendar
On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the data release to consist of the Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
Hourly Chart
On Friday morning, the rate appeared to be trading in limbo around the 135.50 mark and it was ignoring the technical indicators.
USD/JPY daily chart's review
On the daily candle chart, the rate appears to be trading almost sideways, compared to the price action during the rest of 2022.Daily chart
Read More: Technical Analysis
Traders are shorting
On the Swiss Foreign Exchange, traders were 72% short 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 50% to buy and sell the USD against the JPY.