Economic Calendar
On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate.
On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value.
On the same day, at 18:00 GMT, the US Federal Reserve Meeting Minutes could cause a market reaction with new information on US monetary policy.
On Thursday, at 12:30 GMT, US inflation at the producer level will be revealed. The US Producer Price Index is set to be released at that time.
On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT.
Hourly Chart
The currency pair might encounter resistance in the 132.00 mark, the 100 and 200-hour simple moving averages and the weekly simple pivot point at 132.27. Above these levels, the 132.50 and 133.00 levels could once again impact the pair by acting as resistance.
On the other hand, a decline of the USD/JPY might be supported by the 50-hour SMA and the 131.50 level, before reaching the 131.00 mark and the weekly S1 simple pivot point at 130.94.
USD/JPY daily chart's review
On the daily candle chart, the pair is back at the support of 130.00/131.40. A move below the zone might aim at the 2023 low at 127.30.Daily chart
On Thursday, on the Swiss Foreign Exchange, traders were 72% 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 58% to sell the USD against the JPY.