Economic Calendar
This week, the US Retail Sales data release might impact the financial markets through the value of the US Dollar. The data is scheduled to be published on Wednesday at 13:30 GMT.
Hourly Chart
A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63.
However, a recovery of the USD against the Yen could encounter resistance not only in round price levels, but also the 100-hour simple moving average near 140.50 and the weekly simple pivot point at 141.60.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached below the 50 and 100-day simple moving averages. Next target might be the 200-day SMA near 136.20, before the 2002 high level at 135.00 is reached.Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were 60% 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 57% to buy the USD against the JPY.