By 15:00 GMT, the 131.00 level was passed, as the pair reached the 131.20 level.
Economic Calendar
This week's notable events for this pair are over. On Friday, macroeconomic traders might want to look at the Canadian GDP publication.
Hourly Chart
If the US Dollar reaches against the Japanese Yen above the 131.20 mark and the weekly R2 simple pivot point, the pair would most likely encounter resistance in round exchange rate levels, before reaching teh weekly R3 at 133.00.
On the other hand, a potential decline of the currency exchange rate is expected to look for support at the 130.20/130.30 zone.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached above the 2015 High level. In regards to historical levels, note the 2002 high level at 135.00 and the 1998 high at 147.60.Meanwhile, note that this week the pair passed below the trend line, which supported the pair's surge throughout March and April.
Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were short, as 67% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 52% to buy the USD against the JPY.
During Thursday's trading, the positions were 64% short and orders were 58% to buy.