The USD/JPY managed to pass the resistance of the pivot point and three hourly simple moving averages. The move was expected, as these technical levels had also failed on Tuesday.
However, on Thursday, the 100 and 200-hour SMAs began to provide support to the currency exchange rate.
Economic Calendar
On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT.
On Friday, the US Manufacturing and Services PMIs survey results are going to be released at 13:45 GMT.
Take a look at all of the historical reaction tables by clicking on the link below.
USD/JPY short-term daily review
On Wednesday, the USD/JPY currency pair raised to the 107.20 level. During today's morning, the pair was consolidating near the given level.Hourly Chart
On Thursday, on the Swiss Foreign Exchange 57% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range were bearish, as 58% of orders were to sell.