Economic Calendar
On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the rate through the value of the US Dollar.
Namely, a decreasing or flat retail sales change month on month is set to cause an adjustment of the USD to the downside. Meanwhile, a higher than expected reading could be the catalyst of a surge of the Dollar.
At 18:00 GMT on Wednesday, the US Federal Reserve Meeting Minutes are bound to be published. The details included in the document might be the reason for a USD move.
Hourly Chart
A move above the 100-hour simple moving average and the weekly simple pivot point at 133.57 could be stopped by the combination of the 200-hour SMA and the 134.00 mark. Higher above, note the previous support zone that surrounds the 134.50 level.
Meanwhile, a decline of the US Dollar against the Japanese Yen could find support in the 50-hour simple moving average and the 133.00 mark. Below 133.00, take into account the 132.50 level and the support of the zone around 132.00.
USD/JPY daily chart's review
On the daily candle chart, the pair has been trading between the support of the 100-day simple moving average with the 131.25/132.00 zone and the resistance of the 50-day simple moving average near the 135.00 mark.Daily chart
On Monday, on the Swiss Foreign Exchange, traders were 70% 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 58% to buy the USD against the JPY.