Economic Calendar
Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT.
On Thursday, the ADP Non-farm Employment Change might impact the markets through the value of the US Dollar.
On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the data release to consist of the Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
Hourly Chart
In the case of the pair declining below the 135.00 mark, support could be found in the 134.75/134.80 zone, before the rate approaches the 134.50 level. Further below note the late June low level zone at 134.25/134.35.
Meanwhile, a recovery of the US Dollar against the Japanese Yen could encounter resistance in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near 135.50/135.70. Higher above, recall the 136.00 level and the 136.28/136.38 zone.
USD/JPY daily chart's review
On the daily candle chart, the rate appears to be trading almost sideways, compared to the price action during the rest of 2022.Daily chart
On the Swiss Foreign Exchange, traders were 71% short as that amount of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 56% to buy the USD against the JPY.
On Wednesday, traders were 70% short and pending orders were 56% to sell.