Economic Calendar
On Wednesday, at 13:30 GMT, the financial markets might react to the US Durable Goods Orders and Unemployment Claims publication.
Later on, at 14:45 GMT, the Markit Services and Manufacturing Purchasing Managers Indices for the US could cause an adjustment of the US Dollar's value.
The day and the week's notable events will end with the release of the US Federal Reserve FOMC Meeting Minutes at 19:00 GMT. The Meeting Minutes are the protocol of the last US Fed meeting. New details might be in the file.
Hourly Chart
A decline of the US Dollar against the Japanese Yen is expected to look for support in the 141.00 mark and the 200-hour simple moving average. Meanwhile, note that the 141.50 level and the weekly R1 simple pivot point at 141.53 did not act as support. Below 141.00, take into account the 140.50 level and the 50-hour simple moving average.
However, a potential recovery of the currency pair might result in another test of the 142.00 mark. Higher above, note the 142.50 level and the weekly R2 simple pivot point at 142.72.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached below the 50 and 100-day simple moving averages. Next target might be the 200-day SMA near 136.20, before the 2002 high level at 135.00 is reached.Daily chart
On Monday, on the Swiss Foreign Exchange, traders were 60% 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 56% to buy the USD against the JPY.