On the USD/JPY currency exchange charts the event resulted in a decline below the 135.50 level. However, during early Thursday's trading, the rate appeared to have started a recovery, as it reached back up above 135.50.
Economic Calendar
Note that on Thursday, the markets will be watching the US Advance quarterly Gross Domestic Product data at 12:30 GMT.
Hourly Chart
A continuation of the recovery of the US Dollar might encounter resistance in the 136.00 and 136.50 levels. In addition, note the 50 and 100-hour simple moving averages near 136.50.
On the other hand, an extension of the USD decline against the Yen might look for support in the 135.00 mark, the low level at 134.75 and the weekly S1 simple pivot point.
USD/JPY daily chart's review
On the daily candle chart, the rate has broken the channel up pattern, which had guided it through 2022. Meanwhile, note that the 2002 high level is at the 135.00 mark and the 50-day simple moving average was approaching the rate from below.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 74% 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 82% to sell the USD against the JPY.
On Wednesday, open positions were 74% short and pending orders were 50% to buy and to sell.