Economic Calendar
On Friday, the US Dollar and the Canadian Dollar are set to react to the monthly US and Canadian employment data. Among the data will be the employment changes and unemployment rates of the two countries.
Hourly Chart
A move above the 130.20/130.50 zone could look for resistance in the 131.00/131.25 zone. Higher above, note the 131.50 level and the weekly R1 simple pivot point at 131.74.
However, a decline of the US Dollar against the Japanese Yen could find support in the combination of the 50 and 100-hour simple moving averages near 129.80. Below the moving averages, the weekly simple pivot point at 129.34 and the 200-hour simple moving average.
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, note the 2002 high level at 135.00 and the 1998 high at 147.60.Daily chart
Since Wednesday, on the Swiss Foreign Exchange, traders were short, as 59% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 68% to buy the USD against the JPY.