The USD/JPY currency pair consolidated near the Fibo 23.60% at 105.03.
Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail.
Economic Calendar
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 Wednesday, the USD/JPY currency pair consolidated near Fibo 23.60% at 105.03. During today's morning, the pair maintained its consolidation.Hourly Chart
On Thursday, on the Swiss Foreign Exchange 55% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range were 52% to buy.