Economic Calendar
On Thursday, the US ADP Non-farm Employment Change might impact the value of the US Dollar at 13:15 GMT.
On Friday, The United States employment data release at 13:30 GMT is highly likely going to impact the US Dollar. Later on, at 15:00 GMT the ISM Services PMI is set to cause minor impact on the financial markets.
Hourly Chart
An extension of the ongoing surge could encounter resistance in the 133.00 level and the weekly R1 simple pivot point at 133.46. Higher above, note the 134.00 level and the range around 134.50.
A potential decline of the US Dollar against the Japanese Yen might find support in the combination of the 200-hour SMA near 132.25, the weekly simple pivot point at 132.12 and the 132.00 level. Further below, take into account the 131.50, 131.00 levels and the 50 and 100- moving averages.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached the 130.50/131.40 zone. This zone has acted as support and resistance throughout 2022. On Tuesday morning, the support range was pierced.Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were 56% 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 59% to sell the USD against the JPY.
On Tuesday, 55% of volume was short and pending orders were 61% to buy.