The USD/JPY currency pair remains to be below the 55-hour moving average near 104.90.
Thus, it is likely that some downside potential could prevail in the market.
Economic Calendar
Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a major survey of firm representatives.
At 13:45 the US PMIs will be released.
On Thursday, as accustomed, at 12:30 GMT, the US weekly Unemployment Claims could cause a move.
The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT.
Click on the link below to find out more about the data releases.
USD/JPY short-term daily review
On Thursday, the USD/JPY currency pair declined to the 104.60 level. During today's morning, the pair declined below the given level.Hourly Chart
On Friday, traders of the Swiss Foreign Exchange were neutral, as 50% of all open position volume was in short positions.
Previously, the sentiment was 52% short.
Meanwhile, trader set up pending orders in the 100-pip range were 77% to buy.