Economic Calendar
This week notable events are over.
Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the CB Consumer Confidence could impact the US Dollar's value.
On Wednesday, various US events are expected to cause market moves. At 13:15 GMT, the US ADP Non-Farm Employment Change might cause a minor USD move.
Afterwards, at 13:30 GMT, the US Preliminary Quarterly GDP is set to reveal whether the United States remain in a recession.
The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the Brooking Institution in Washington at 18:30 GMT.
On Thursday, note the Core PCE Price Index release at 13:30 GMT. The US monetary policymakers watch this index as a measure of inflation, not the Consumer Price Index.
Afterwards, the US ISM Manufacturing PMI could impact the US Dollar's value at 15:00 GMT.
The week is set to end with the release of the United States employment data at 13:30 GMT. The data release consists of the US Average Hourly Earnings changes, Non-Farm Employment Change and Unemployment Rate.
Hourly Chart
A move above the 139.60 level might be stopped by the combination of the 140.00 level and the 100 and 200-hour simple moving averages. Higher above, note the 140.70/140.80 zone.
On the other hand, a decline of the pair could find support in the 139.00 level and the 50-hour simple moving average, before approaching the 138.50 level and the weekly S1 simple pivot point at 138.41.
USD/JPY daily chart's review
On the daily candle chart, the pair has returned and shortly reached above the 100-day simple moving average, which is located near 142.00. Higher above, note the 50-day SMA near 145.00. Meanwhile, most close by support on this chart is being provided by the 200-day SMA near 137.00.Most recently, despite being pierced, the 100-day SMA acted as resistance and caused the recent decline. Due to that reason, it could be assumed that the 200-day SMA will act as support.
Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 61% 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 65% to sell the USD against the JPY.
On Friday, positions were 58% short and pending orders were 53% to sell.