Economic Calendar
On Friday, one of the top events of the month will take place. At 12:30 GMT, the US employment data sets are scheduled to be released. The release will consist of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
Hourly Chart
A potential move above the 133.50 level might encounter resistance in the 134.00 mark and the 200-hour simple moving average, before once again testing the 134.50 level and the weekly simple pivot point at 134.39.
However, if the US Dollar declines, compared to the Yen, the rate is expected to look for support in the 133.00 level, the 100-hour simple moving average near 132.75 and the 132.50 level. Further below, the most close by technical support is the weekly S1 simple pivot point at 131.32.
USD/JPY daily chart's review
On the daily candle chart, the pair has started to trade between the support of the 100-day simple moving average and the 131.25/132.00 zone and the resistance of the 50-day simple moving average and the 135.00 mark.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 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 71% to sell the USD against the JPY.
On Friday, open positions were 71% short and pending orders were 51% to sell.