Economic Calendar
This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets.
On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims numbers will be out.
Hourly Chart
An extension of the ongoing USD move higher would have to break the 100 and 200-hour simple moving averages, the weekly simple pivot point at 135.35 and the 135.50 level. Higher above, note the 136.00 and 137.00 levels.
However, a decline of the USD against the Japanese Yen would look for support in the 50-hour simple moving average and the 134.50 level. Further below, note the 134.00 and 133.50 levels.
USD/JPY daily chart's review
On the daily candle chart, the pair has retraced to find support in the 50-day simple moving average near 133.50. In addition, note the 100-day SMA near 132.83. Meanwhile, the rate previously passed above the 200-dau SMA, which failed to act as resistance.In the case of a resumption of the broader surge, the rate could be stopped by the 138.20/139.40 range.
Daily chart
This week, on the Swiss Foreign Exchange, traders were 70% 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 51% to sell the USD against the JPY.