Economic Calendar
On Friday, one of the top events of the month will take place. At 12:30 GMT, the US employment data sets are scheduled to be released. The release will consist of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
Hourly Chart
In the case of a decline of the USD/JPY pair below the 133.50 level, the rate might find support in the 133.00 level, the 100-hour simple moving average near 132.80 and the 132.50 level. Further below, take into account the 132.00 and 131.50 levels.
On the other hand, a recovery of the US Dollar is expected to encounter resistance in the weekly simple pivot point at 134.39, the 200-hour simple moving average and the 134.50 level.
USD/JPY daily chart's review
On the daily candle chart, the rate has shortly reached below the combination of a high and low level zone at 131.25/132.00 and the 100-day simple moving average. Further below, note the May low level range at 126.40/126.95.Daily chart
On Thursday, 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 71% to sell the USD against the JPY.
On Wednesday, open positions were 72% short and pending orders were 63% to buy.