Economic Calendar
Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT.
On Thursday, the ADP Non-farm Employment Change might impact the markets through the value of the US Dollar.
On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the data release to consist of the Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
Hourly Chart
In the near term future, a potential surge would face the combined resistance of the 50 and 200-hour simple moving averages, the weekly simple pivot point at 135.58 and the 135.50 mark. Above these levels, note the previously ignored 100-hour simple moving averages and the 136.00 mark, which acted as resistance during the midnight hours form Thursday to Friday.
However, a decline of the US Dollar against the Japanese Yen might look for support in the 135.00 level, before approaching the 134.75/134.80 zone. Further below, note the June 23 and 24 low levels at 134.25/134.35.
USD/JPY daily chart's review
On the daily candle chart, the rate has broken the junior channel up pattern, which had guided the rate up since late May.Daily chart
On the Swiss Foreign Exchange, on Friday, traders were 73% 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 66% to sell the USD against the JPY.
On Monday, traders were 71% short and pending orders were 52% to sell.