Economic Calendar
On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of the US Dollar.
Click on the link below to find out more about data releases of this and other currency exchange rates.
Hourly Chart
In the case that the rate passes below the 125.63/125.76 zone, the USD/JPY might look for support in the 50-hour simple moving average near 125.50 and the weekly R2 simple pivot point at 125.22. In the meantime, take into account the approaching support line near 125.20.
However, a continuation of the surge of the US Dollar, compared to the Japanese Yen, might encounter resistance in the 126.50 and 127.00 levels. Prior to reaching new high levels, note the weekly R2 simple pivot point at 126.15.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached above the 2015 High level. In regards to historical levels. This is the highest that we have on our charts. Namely, the USD/JPY has not been this high for more than 20 years. Dukascopy Analytics will look up longer term charts and mark the levels in the near term future.Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were short, as 74% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 57% to sell the USD against the JPY.
On Wednesday, the open positions were 72% short and pending orders were balanced 52% to buy.