Since the start of Monday's trading, the USD/JPY has continued to trade almost flat below the 106.35 level.
Due to that reason, the previous forecasts had not changed. It was speculated that the rate could be pushed up by the hourly simple moving averages.
Economic Calendar
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
The rate continues to trade near the 55 and 100-hour simple moving averages, which from time to time provide support. However, there has been a development on Tuesday.Hourly Chart
Since Monday, traders of the Swiss Foreign Exchange were bearish, as 60% of all open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range were 53% to sell.