The USD/JPY currency pair declined below the 105.00 level.
It is likely that some downside potential could prevail in the market, as the pair is pressured by the 55-hour SMA.
Economic Calendar
Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement on Wednesday, at 18:00 GMT.
On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT.
Click on the link below to find out more about the data releases.
USD/JPY short-term daily review
On Tuesday, the USD/JPY currency pair declined to the Fibo 23.60% at 105.03. During today's morning, the pair pierced the given support.Hourly Chart
On Wednesday, on the Swiss Foreign Exchange 53% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range were 74% to buy.