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 regards to the near term future, a continuation of the surge of the US Dollar against the Japanese Yen might encounter resistance in the 136.50 mark and the weekly R1 simple pivot point at 136.64, prior to the rate reaching the 137.00 mark.
On the other hand, a potential decline of the currency pair would look for support in the combination of the 50 and 200-hour simple moving average and the weekly simple pivot point near 135.50/135.60. Further below, note the low level zone at 134.75/134.80.
USD/JPY daily chart's review
On the daily candle chart, the rate has broken the junior channel up pattern, which had guided the rate up since late May.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 Monday, traders were 71% short and pending orders were 52% to sell.