Economic Calendar
Note the US Empire State Manufacturing Index on Monday at 12:30 GMT.
On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar.
Hourly Chart
A move above 134.00 might encounter resistance in 134.50 and the weekly R1 at 134.58. Higher above, note the 135.00 mark, which has acted as support and resistance during February and March.
However, a potential decline of the US Dollar could be slowed down by the 133.50 level and the combination of the 50 and 100-hour simple moving averages near the weekly simple pivot point at 133.21.
USD/JPY daily chart's review
On the daily candle chart, the pair appears to have moved above the 50 and 100-day simple moving averages. Note the 200-day simple moving average near 137.35, which might act as resistance.Daily chart
On Monday, 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.
On Friday, positions were already 73% bearish and pending orders were 52% to sell.