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
In the case that the USD resumes its surge against the Yen, the pair might encounter resistance in the 130.50 and 131.00 levels, before testing the weekly R3 simple pivot point at 131.20.
Meanwhile, a decline below the 130.00 mark, the weekly R2 pivot point at 129.82 and the 50-hour simple moving average could result in the pair looking for support in previous high levels at 129.40 and 128.85/129.10.
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.
On Friday, traders were 62% short and orders 61% to buy.