Economic Calendar
On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD.
Hourly Chart
If the pair manages to reach above the 134.50 mark, might encounter resistance in one of the round exchange rate levels, before the weekly R3 simple pivot point at 136.34 would be reached.
On the other hand, a decline of the rate might find support either at 133.50 or the 132.90/133.30 zone.
USD/JPY daily chart's review
On the daily candle chart, the rate has passed above the April and May high level zone at 131.00/131.40.Next target for the rate could be the 2002 high level at 135.00.
Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were 70% short 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 63% to buy the USD against the JPY.
On Thursday, the open positions volume was 74% short and pending orders were 55% to buy.