The surge resulted in the rate reaching the 135.00 mark during the first half of Friday's trading hours.
Economic Calendar
During the week, it is highly unlikely that a data release might impact this rate. However, take into account the Thursdays US Markit PMIs at 13:45 GMT and the weekly Unemployment Claims at 12:30 GMT.
Hourly Chart
If the pair reaches above 135.00 and 135.50, expect new highs to be booked. Most likely, round exchange rate levels are expected to continue to act as resistance.
On the other hand, a potential decline might find support in previously notable resistance and support levels like the 133.50, 132.50 and 131.50.
USD/JPY daily chart's review
On the daily candle chart, the rate has shortly reached above the 2002 level at 135.00. However, it appears that a zone around this level is acting as resistance to the surge.Meanwhile, note the late April and early May high levels near 131.30/131.40.
Daily chart
On the Swiss Foreign Exchange, traders are 72% 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 54% to sell the USD against the JPY.