Economic Calendar
On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the Personal Consumption Expenditures data to adjust their policy. The data shows inflation at the consumer level. Namely, how the average person has been impacted by the inflation during the last month.
Hourly Chart
A move below 150.00 would have to pass the notable level and the combination of the 100 and 200-hour simple moving averages. Below the moving averages, take into account the weekly simple pivot point at 149.51 and the 149.30/149.50 range.
On the other hand, a recovery of the currency pair is set to face the resistance of the 50-hour simple moving average and the weekly R1 simple pivot point at 150.28. Higher above, note the weekly R2 at 150.76 and the recent high level at 150.77.
USD/JPY daily chart's review
On the daily candle chart, the rate has additional support from the ascending 50-day simple moving average, which has reached above 148.00. Meanwhile, note the marked 2022 high level at 152.00.Daily chart
On Friday, traders were bearish on USD/JPY, as 53% of open positions on the Swiss Foreign Exchange were short.
In the meantime, trader pending orders in the 100-point range around the current exchange rate were 52% to buy.