Economic Calendar
On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be released together with the US Unemployment Claims. Namely, all US pairs and assets are expected to react to the news.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
A move above the three moving averages might result in the pair surging to the 115.50 level and the weekly R1 simple pivot point at 115.63. Higher above note the resistance zone at 115.70/115.80.On the other hand, a decline of the US Dollar against the Japanese Yen could look for support in the weekly simple pivot point at 115.14, before approaching the 115.00 mark and the 114.65 level.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the rate appears to be ignoring the 50-day simple moving average at the 115.00 mark. The SMA appears to be no longer capable of impacting the rate.Daily chart
On Monday, on the Swiss Foreign Exchange, traders were short, as 74% 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 sell the USD against the JPY.
On Friday, 75% of open position volume was in short positions. In the meantime, the pending orders were 81% to buy.