Economic Calendar
Next week, there are no scheduled events, which might impact the currency exchange rate.
Hourly Chart
A continuation of the currency exchange rate's surge might encounter resistance in the combination of the weekly R1 simple pivot point at 130.94 and the 131.00 mark.
Meanwhile, a decline of the USD to consolidate its recent gains could look for support in the weekly simple pivot point at 129.98 and the 130.00 level. Further below, note the 200 and 100 hour simple moving averages near 129.50.
USD/JPY daily chart's review
On the daily candle chart, the pair is testing the 130.50/131.40. Meanwhile, the pair has clearly broken the channel down pattern, which has guided it down since late October.Daily chart
Prior to the Fed release, on the Swiss Foreign Exchange, traders were 50% bullish, as that amount of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 53% to buy the USD against the JPY.
On Friday, the open positions were 61% short and pending orders were 80.00% to sell.