Economic Calendar
On Wednesday, the US ISM Services PMI is likely going to cause USD moves. The Monday's Manufacturing PMI caused a broad decline of the US Dollar.
Above all, on Friday, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate are set to move the markets.
Hourly Chart
A move above 144.50 might encounter resistance in the 145.00 mark, before the pair reaches the Monday's high levels near 145.30 and the weekly R1 simple pivot point at 145.34.
Meanwhile, a potential resumption of the US Dollar's decline against the Japanese Yen could be slowed down by the 200-hour simple moving average and the weekly simple pivot point at 144.25. In addition, the 144.00 level has shown itself to be capable of acting as support. Afterwards, the 143.50 level and the weekly S1 simple pivot point are highly likely going to act as support.
USD/JPY daily chart's review
On the daily candle chart, the pair pierced the 145.00 mark and was heading to 1998 levels, before the BoJ intervened. It appears that the 145.00 level is where the central bank draws its line and starts to beat the rate down.Daily chart
On Tuesday, on the Swiss Foreign Exchange, traders were 72% 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 63% to sell the USD against the JPY.
On Wednesday, the positions were 75% short and orders were 67% to sell.