Economic Calendar
Above all, on Friday, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate are set to move the markets at 12:30 GMT.
Hourly Chart
A resumption of the US Dollar's surge against the Japanese Yen would have to break above the 145.00 mark, this week's high level zone at 145.20/142.30 and the weekly R1 simple pivot point at 145.34. Higher above, take into account that the Bank of Japan intervened in the market at 145.85/145.90.
On the other hand, a decline of the USD/JPY pair is expected to find support in the 144.50 level and the combination of the 50, 100 and 200-hour simple moving averages. Further below, the weekly simple pivot point at 144.26 might act as support, before the 144.00 level and the Wednesday's low levels are reached.
USD/JPY daily chart's review
On the daily candle chart, the pair pierced the 145.00 mark and was heading to 1998 levels, before the BoJ intervened. It appears that the 145.00 level is where the central bank draws its line and starts to beat the rate down.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 72% short as that amount of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 51% to buy the USD against the JPY.
On Wednesday, the positions were 75% short and orders were 67% to sell.