Economic Calendar
On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published. However, during the prior months the data release has not caused increases of volatility.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
In the near term future, the support of the 50-hour simple moving average might trigger a surge. A potential surge would have no technical resistance as high as the weekly R2 simple pivot point at 114.86. However, round exchange rate levels could act as resistance and slow down a surge.Meanwhile, a decline of the USD/JPY below the 50-hour SMA, might look for support in the 114.00 mark, the early December high zone at 113.88/113.96 and the 100 and 200-hour simple moving averages near 113.80.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the USD/JPY currency rate has reached the October high level zone.Daily chart
Read More: Technical Analysis
Traders remain short
Since Wednesday, on the Swiss Foreign Exchange, traders were short, as 73% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 63% to sell.
On Tuesday, traders were 74% short, and pending orders were 56% to sell.