Economic Calendar
This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could cause an adjustment in the value of the US Dollar at 15:00 GMT.
Afterwards, at 19:00 GMT, the release of the US Federal Open Markets Committee Meeting Minutes are set to impact the value of the US Dollar. The Meeting Minutes are set to reveal more details on the Federal Reserve's previous meeting and rate decision.
On Thursday, the US ADP Non-farm Employment Change might impact the value of the US Dollar at 13:15 GMT.
On Friday, The United States employment data release at 13:30 GMT is highly likely going to impact the US Dollar. Later on, at 15:00 GMT the ISM Services PMI is set to cause minor impact on the financial markets.
Hourly Chart
A move below 130.57 could look for support in the 130.00 mark, the weekly S1 simple pivot point at 129.73 and other round levels such as 129.50, 129.00 and 128.50.
On the other hand, a potential surge above 131.00 is expected to encounter resistance in the 131.50 level, before approaching the combined resistance in the 132.00 level, the 50-hour simple moving average and the weekly simple pivot point.
USD/JPY daily chart's review
On the daily candle chart, the pair has reached the 130.50/131.40 zone. This zone has acted as support and resistance throughout 2022.Daily chart
On Monday, on the Swiss Foreign Exchange, traders were 57% 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.