As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. Economic Calendar The rate could move due to the US CPI on Wednesday at
After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT.
On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance. Economic Calendar The rate could move due to
During early Friday's trading hours, the USD/JPY shortly pierced the support of the 109.00 level and the 200-hour simple moving average. However, support was provided by the May 3 low level zone of 108.90/108.95. By the middle of Friday's trading, the rate was fluctuating between the support of the 109.00 level and the 200-hour simple moving average and the resistance
At mid-day on Thursday, the USD/JPY broke the support of the channel up pattern, which had guided the rate since late April. In the near term future, the rate was expected to reach the support of the 109.00 level, which had been impacting the rate throughout the recent history. Economic Calendar The USD/JPY could react to the release of the US
Since early Tuesday's European trading hours, the US Dollar has been testing the 109.50 level against the Japanese Yen. In the meantime, the rate has been finding support in the 55 and 100-hour simple moving averages, which have been slowly moving higher. Economic Calendar The USD/JPY could react to the release of the US Unemployment Rate, Average Hourly Earnings and Non-Farm
The US Dollar edged higher by 72 pips or 0.66% against the Japanese Yen on Thursday. The currency pair tested the 109.21 area during yesterday's trading session. The exchange rate reversed from the resistance level at 109.21 during the Asian session on Friday. Economic Calendar Notable events for this week have ended. Expect the next week's analysis to be published this evening
Downside risks pressured the US Dollar against the Japanese Yen on Wednesday. The currency pair dropped by 60 pips or 0.55% during yesterday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The USD/JPY has moved 7.8 to 34.5 pips on the announcement
During Tuesday's trading session, The US Dollar surged by 55 pips or 0.51% against the Japanese Yen. The currency pair breached the weekly R1 at 108.73 on Tuesday. During the Asian trading session, the exchange rate has been trading near the upper line of an ascending channel pattern and was set for a breakout. Economic Calendar On Wednesday, all of the markets
On April 26, the US Dollar surged by 54 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 200– hour SMAs during yesterday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The USD/JPY has moved 7.8 to
On Friday, the US Dollar rose by 58 pips or 0.54% against the Japanese Yen. The surge was stopped by a resistance cluster formed by the 55– and 100– hour SMAs near the 108.00 level during Friday's trading session. Economic Calendar Next week, on Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal
The USD/JPY managed to pass the support of the 107.80/108.00 zone. This resulted in a sharp drop to the 107.50 level. However, the support of the 107.50 managed to hold and immediately cause a surge. The surge was much sharper than the drop and in less than two hours had almost reached the 108.20 level, ignoring all the levels that
The USD/JPY broke the resistance of the 55-hour simple moving average and started to test the resistance of the 100-hour SMA first and afterwards the upper trend line of the mentioned pattern. In the near term future, if the SMA fails, the upper trend line of a channel down pattern could be tested. Economic Calendar There are no notable events scheduled for
During Wednesday's Asian trading session, the USD/JPY managed to pierce the support of the 108.00 level. However, it did not result in a larger decline, as almost immediately the rate reversed from the support of the weekly S2 simple pivot point at 107.88. In the meantime, the currency exchange rate appeared to still find resistance in the 55-hour simple
The support of the 108.00 level held out during three attempts of the pair to pass it. On Tuesday, the USD/JPY rate surged above the levels near 108.35 and tested the resistance of the 55-hour simple moving average near 108.50. Economic Calendar There are no notable events scheduled for the week that could notably impact the USD/JPY currency exchange rate. Click on
On Monday morning, the USD/JPY dropped below the support of the 108.63 level, which kept the rate up during the last week. This resulted in a sharp move down that by the middle of Monday's trading reached the 108.00 mark. Economic Calendar There are no notable events scheduled for the week that could notably impact the USD/JPY currency exchange rate. Click on
The decline of the USD/JPY almost reached the 106.60 level, before recovering. During the early hours of Friday's trading, the pair was aiming at the resistance of the 109.00 level. Economic Calendar There are no notable events scheduled for the week that could notably impact the USD/JPY currency exchange rate. Click on the link below to find out more about the data
On Thursday, the USD/JPY currency exchange rate passed the support of the 108.80 level. It occurred, as the 55-hour simple moving average approached the rate from above. In the near term future, the rate was expected to decline. Economic Calendar On Thursday, the US Retail Sales and Core Retail Sales are also bound to influence the value of the US Dollar. The
The USD/JPY passed the support of the previous April low levels on Tuesday. Moreover, the currency exchange rate passed the support of the weekly S1 simple pivot point at 108.87. The decline ended with the rate finding support in 108.80. Economic Calendar On Thursday, the US Retail Sales and Core Retail Sales are also bound to influence the value of the US
On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these indicators could not be used for guidance. In the meantime, the 109.14 level provided the rate with support. Together with the 109.00 level the 109.14 mark make up a newly
The recovery of the USD/JPY encountered resistance just below the 110.00 mark. The resistance zone below the 110.00 level kept the rate down during the previous week. On Monday, the currency exchange rate declined and reached the support of the previously passed zone above the 109.20 level. Economic Calendar On Tuesday, the US Consumer Price Index and Core Consumer Price Index could
On Thursday, the currency exchange rate declined below the zone of 109.38/109.23. It eventually found support in the 109.00 level and started a recovery. During the morning hours of Friday's European trading, the USD/JPY had almost reached the resistance of the 109.60 level and the 55-hour simple moving average. Economic Calendar Notable events for this week are over. Next week, on Tuesday,
During early hours of Thursday's trading, the USD/JPY ended trading sideways between two zones. The end of the consolidation was caused by the catching up of the 55-hour simple moving average from above. The SMA provided the rate with resistance, which was strong enough to push the rate through the support of the 109.60 level. Economic Calendar Notable events for this week