USD/JPY remains near 133.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50.

Economic Calendar



On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT.

Next week, note the US Empire State Manufacturing Index on Monday at 12:30 GMT.

On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar.

Hourly Chart
A recovery of the US Dollar against the Yen could be slowed down at the 133.00 level by the 50 and 100-hour simple moving averages. Higher above, note the 133.50 level and the weekly R1 simple pivot point at 133.72.

However, a potential decline would look for support in 132.50, the 200-hour SMA and the weekly simple pivot point at 132.17, prior to reaching the 132.00 mark.

USD/JPY daily chart's review

On the daily candle chart, the pair is back at the support of 130.00/131.40. A move below the zone might aim at the 2023 low at 127.30.
Daily chart



Traders increase short positions

On Thursday, on the Swiss Foreign Exchange, traders were 62% bearish, 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 59% to buy the USD against the JPY.

On Friday, positions were already 73% bearish and pending orders were 52% to sell.

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