USDJPY reversed from the major resistance 135.500 amid US Dollar demand. The US Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of changes in such sales showed a hawkish momentum on the previous day reaching the psychological level 135.500. The US Initial Jobless Claims which measures the number of people filing first-time claims for state unemployment insurance is eyed for a continuation of the downfall.
As of writing, the USDJPY was floating at 135.150 is expected to drop to the next support level at 133.00 with a minimum risk at 135.700 and further downside to 130.650. On the other side, USDJPY must break the resistance 135.500 to go long to the all time resistance at 138.700.