Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. On Thursday, the rate had reached the 106.35 level.
Economic Calendar
On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to be released.
At 14:00 GMT, the US ISM Non-Manufacturing PMI results will be published.
On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one needs to look at different data tables, as reactions to the event vary.
Click on the link below to see the historical reaction tables.
USD/JPY short-term daily review
The situation has not changed since Wednesday morning. The forecast description was not changed on Thursday.Hourly Chart
On Wednesday, traders of the Swiss Foreign Exchange were neutral, as 51% of all open position volume was in short positions.
During the Thursday morning hours, the sentiment was 55% short.
Meanwhile, trader set up pending orders in the 100-pip range were 60% to sell.
Previously, the orders were 70% to sell.