Economic Calendar
On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the latest one, September 30 2021.
On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published. However, during the prior months the data release has not caused increases of volatility.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher above, resistance is expected to be provided by the December 15 high levels at 114.20/114.28.On the other hand, a decline of the pair would have to pass the 50-hour simple moving average at 113.55, before aiming at the combination of the December low level at 113.15 and the weekly S1 simple pivot point at 113.16.
Hourly Chart
USD/JPY daily chart's review
The USD/JPY currency exchange rate is ignoring the 50-day simple moving, average, which is located at the 113.70 mark.Daily chart
On Monday, on the Swiss Foreign Exchange, traders were short, as 70% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 51% to sell.
On Tuesday, traders were 74% short, and pending orders were 56% to sell.