Economic Calendar
This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT.
Hourly Chart
A move above the 150.00 mark would have no technical resistance as high as the weekly R3 simple pivot point at 151.20. Meanwhile, note that the 150.50 and 151.00 levels could act as resistance.
Meanwhile, a potential decline of the US Dollar against the Japanese Yen could look for support in the 149.50 level and the 50-hour simple moving average. Below these levels note the lower trend line of a channel up pattern and the 100-hour simple moving average.
USD/JPY daily chart's review
On the daily candle chart, the rate has broken the large scale 2022 channel up pattern. It failed to keep the pair down. The USD/JPY has no resistance on this chart.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 66% 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 sell the USD against the JPY.
On Wednesday, the positions were 65% short and pending orders were 67% to sell.