Economic Calendar
Next week, the US Core PCE Price Index might impact the financial markets through the strength of the USD. The release is scheduled for 12:30 GMT on Friday.
Hourly Chart
A surge of the US Dollar against the Japanese Yen would have to reach above the 131.50 level, before testing the combination of the 132.00 mark and the 50 and 100-hour simple moving averages. Higher above, take into account the 132.50 level and the 200-hour SMA.
On the other hand, a decline of the currency pair is expected to find support in the weekly S1 simple pivot point at 130.53 and the 130.50 mark. Further below, the 130.00 and 129.50 levels could act as support, before the USD/JYP reaches the weekly S2 simple pivot point at 129.27.
USD/JPY daily chart's review
On the daily candle chart, the pair has bounced off the resistance of the 200-day simple moving average near 137.70 and has declined to the 130.50/131.40 support range.Daily chart
Before the Fed rate hike, on the Swiss Foreign Exchange, traders were 61% bearish, 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 53% to sell the USD against the JPY.
After the event, on Thursday, traders were 62% short and orders were 71% to sell.