During Wednesday morning hours, the USD/JPY currency pair dropped below 107.00.
It is likely that the pair could gain support from the Fibo 38.20% at 106.86 and reverse north in the short run.
Economic Calendar
On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT.
Take a look at all of the historical reaction tables by clicking on the link below.
USD/JPY short-term daily review
On Tuesday, the USD/JPY currency pair consolidated near 107.30. During today's morning, the pair dropped to 107.00.Hourly Chart
On Wednesday, on the Swiss Foreign Exchange 54% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range were bearish, as 54% of orders were to buy.