Economic Calendar
On Friday, note the US ISM Manufacturing PMI at 14:00 GMT.
Next week, 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
If the currency pair continues to decline, the 134.50 level might act as support, before the rate reaches the last week's low level zone at 134.25/134.35.
However, a recovery of the US Dollar against the Japanese Yen could encounter resistance in the 136.00 level, which might be strengthened by the 50, 100 and 200-hour simple moving averages. Higher above, note the 2022 high level of 137.00.
USD/JPY daily chart's review
On the daily candle chart, the rate appears to be surging in two channel up patterns.Daily chart
On the Swiss Foreign Exchange, traders are 73% 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 66% to sell the USD against the JPY.
On Thursday, traders were 72% short and pending orders were 56% to buy.