Economic Calendar
There are no scheduled events, which might impact the currency exchange rate.
Hourly Chart
A move below 130.50 and the 100 and 200-hour simple moving average might look for support in the weekly simple pivot point at 130.15 and the 130.00 level. Further below, note the 129.50 and 129.00 levels.
Meanwhile, a recovery of the US Dollar against the Japanese Yen would face the 131.50 level and the 50-hour SMA. Higher above, note the resistance zone near 132.87/132.91.
USD/JPY daily chart's review
On the daily candle chart, the pair has broken more resistance levels. Most recently, the pair was piercing the 50-day simple moving average and could soon spike up to the 135.00 mark.On Wednesday, the pair appeared to be confirming the previous resistance zone as support.
Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were 63% 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 68% to buy the USD against the JPY.
On Wednesday, the open positions were 61% short and pending orders were 63% to sell.