Economic Calendar
During the middle of Wednesday's trading, at 12:30 GMT, the US Producers Price Index data will reveal how prices have changed at the production level. Most likely, the USD is set to move due to the release.
On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of the US Dollar.
Click on the link below to find out more about data releases of this and other currency exchange rates.
Hourly Chart
A move above 125.22, is set to encounter resistance at 125.50, before reaching the 125.70/125.75 zone. Higher above, take into account the 126.00 mark and the weekly R2 simple pivot point at 126.15.
On the other hand, a potential decline of the US Dollar against the Japanese Yen might find support in the 125.00 mark and the trend line near 124.80. The trend line connects the rate's April low levels.
USD/JPY daily chart's review
On the daily candle chart, the pair has passed above the previous high level of March at 125.10. Meanwhile, note that the 2015 high level at 125.85 might turn into resistance.Daily chart
On Tuesday, 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 57% to sell the USD against the JPY.
On Monday, the open positions were 70% short and pending orders were balanced 50% to buy and 50% to sell.