Economic Calendar
On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US Average Hourly Earnings change, Non-Farm Employment Change and the official Unemployment Rate.
Hourly Chart
If the rate finds support in the 142.70/143.10 range, it could resume its surge and aim at the combined resistance of the 144.00 mark and the weekly R2 simple pivot point at 144.09. Higher above, note the 144.50 level and the resistance zone at 145.00.
However, a decline of the US Dollar against the Yen is expected to look for support first in the weekly R1 at 142.61, the 100-hour simple moving average and the 142.50 level. Below these levels, note the 141.50/142.00 range and the 200-hour simple moving average.
USD/JPY daily chart's review
On the daily candle chart, the pair found support in the 100-day simple moving average. The technical indicator acted as support two times and appears to have caused the recent recovery of the US Dollar against the Yen.More recently, the rate ignored the resistance and support of the 50-day simple moving average. It appears it is incapable of impact the USD/JPY. The rate is heading to the resistance zone at 145.00/146.00.
Daily chart
On Thursday, traders were bearish on USD/JPY, as 63% of open positions on the Swiss Foreign Exchange were short.
In the meantime, trader pending orders in the 100-point range around the current exchange rate are 61% to buy.