Economic Calendar
On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves.
On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be published. The event might cause minor USD volatility.
The day will end with the US ISM Services PMI, which might cause minor volatility.
On Friday, the US is going to publish employment data at 13:30 GMT.
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 passes below the 115.20 mark and the support zone below it, the rate could first look for support in the 115.00 mark. Further below, take into account the 100-hour simple moving average and the weekly simple pivot point at 114.80.However, a surge of the pair would have to pass the 50-hour simple moving average near 115.40, before reaching the 115.70 level.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the Federal Reserve has accelerated the pair's recovery from the support of the 113.50 mark. Most recently the surge has moved above the zone of the 2017, 2018 and 2019 high levels at 114.35/114.75.In the case that the surge extends, on the daily candle chart, note the resistance of the November high at 115.50. Above that level, note the January 1 2022 high level.
Daily chart
On Monday, 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 54% to buy.
On Friday, traders were 72% short and pending orders were still 57% to sell.