Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility.
Economic Calendar
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.
Next week, there are not so many events that could make an impact on the USD/JPY pair.
On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core Price Index and Unemployment claims. In most cases these data releases cause insignificant moves.
The week will end with the publication of the US Consumer Price Index and Core Consumer Price Index changes. This event had been insignificant and did not cause increases of volatility since April. However, in August, there were notable moves on all USD pairs.
Click on the link below to see the historical reaction tables.
USD/JPY short-term daily review
On Thursday, the USD/JPY currency pair tested the support formed by the 200-hour SMA and the monthly PP at 106.02. During today's morning, the pair continued to test the given resistance.Hourly Chart
On Friday, traders of the Swiss Foreign Exchange were neutral, as 57% of all open position volume was in short positions.
On Thursday, the sentiment was 51% short.
Meanwhile, trader set up pending orders in the 100-pip range were 60% to sell.