Due to the news, the rate declined to the support of the 133.00 level and the 100-hour simple moving average. Meanwhile, it was spotted on Thursday that the 55-hour simple moving average was acting as resistance.
Economic Calendar
On Thursday, at 12:30 GMT, US inflation at the producer level will be revealed. The US Producer Price Index is set to be released at that time.
On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT.
Hourly Chart
A move below the 133.00 level and the 100-hour SMA could look for support in the 132.50 mark and the 200-hour simple moving average. Further below, take into account the weekly simple pivot point at 132.17 and the 132.00 level.
On the other hand, a move above 133.50 and the 55-hour SMA might be slowed down by the weekly R1 simple pivot point at 133.72. Above the pivot point, the 133.85/134.05 range is most likely going to act as resistance.
USD/JPY daily chart's review
On the daily candle chart, the pair is back at the support of 130.00/131.40. A move below the zone might aim at the 2023 low at 127.30.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 62% bearish, 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 59% to buy the USD against the JPY.