The resistance levels near the 103.00 mark failed, and the USD/JPY recovered. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached the 103.70 level. In the near term future, the rate was expected to test the resistance of a weekly simple pivot point at the 103.82 level. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set
In the aftermath of touching the 102.60 level, the USD/JPY recovered on Wednesday morning. By the middle of the day, the rate was testing technical resistance levels near 102.80/102.90. Future forecasts depended on whether or not the technical levels and the 103.00 mark provide resistance. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect
After touching the 102.70 level on Monday, the USD/JPY currency exchange rate retraced to the 103.20 level, which provided resistance. The 103.20 held and caused a decline. By the middle of Tuesday's European trading hours, the decline had reached the 102.80 level. Economic Calendar The first week of the year is bound to have notable data releases. The top among them are
Since December 30, the resistance of the 103.35 level held. In the meantime, the rate was supported by the 103.00 mark. On January 4, the rate passed below the 103.00 mark. In the near term future, the rate was expected to continue to decline. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The 103.70 level provided the USD/JPY rate with resistance up to mid-day on Tuesday. Afterwards, the rate began a sharp decline, which on Wednesday reached the support of the 103.00 mark. The 103.00 level provided the rate with support, which caused a recovery, which almost immediately reached the resistance of the 103.35 level. Economic Calendar The first week of the year
The resistance zone of 103.70 was passed and the rate immediately reached the December 17 and 21 high level of 103.90. However, this level held and caused a decline. By the start of the US trading hours, the rate had found support in the 100-hour SMA at 103.60 and was headed back to the 103.90 level. Economic Calendar On Thursday, at 13:30
At mid-day on Monday, the USD/JPY was testing the resistance of the zone near the 103.70 level. Future forecasts were based upon whether or not this level holds. In the meantime, note that the rate had pierced the support of three hourly simple moving averages and a supporting trend line. Economic Calendar On Thursday, at 13:30 GMT, the US Jobless Claims could
On Wednesday, the USD/JPY remained at the same level, where it was on Tuesday morning. However, the rate had made a sure upwards and bounced off the 103.65/103.70 zone. By looking more into it, it was discovered that this zone provided the rate with support at the end of November and the start of December. In addition, it was
During Monday's European noon trading hours, the USD/JPY passed the support of the weekly simple pivot point, a lower trend line of a channel up pattern and the 55 and 100-hour simple moving averages. However, this did not result in a sharp decline, as the rate began to trade sideways. Economic Calendar The week of Christmas is set to have an
The USD/JPY has continued to recover, as the rate reached the 103.80 mark on Monday morning. However, the touching of a new high level was followed by a decline back to the support levels near 103.40. In the meantime, a channel up pattern was added to the currency exchange rate, which represents the rate's recovery from the 103.00 mark. Economic Calendar The
The USD/JPY currency pair remains under pressure of the 100-hour moving average near 103.60. Thus, some downside potential could prevail in the market. Note that the pair could gain support from the weekly S3 at 103.00. Economic Calendar There are no more notable events for the rate this week. However, during Thursday's trading hours the next week's event review is set to
The USD/JPY has continued to decline, as by the middle of Thursday's GMT trading hours, the rate had reached and pierced the 103.00 level. The near term future depended on what would happen at the 103.00 mark. Economic Calendar There are no more notable events for the rate this week. However, during Thursday's trading hours the next week's event review is set
The decline of the USD/JPY has continued, as the rate touched the 103.30 level at mid-day GMT hours on Wednesday. However, after touching the 103.30 level, the rate recovered. The recovery reached the resistance of the 103.60 level, from which it could bounce off and resume the decline. Economic Calendar On Wednesday, the day would end with the top event of the
At mid-day during Tuesday's London trading hours, the USD/JPY plummeted, as it bounced off resistance levels near 104.10 and passed the support of the 104.00 mark. In regards to the near term future, the rate was expected to first test the weekly S1 simple pivot point at 103.75 and afterwards the Monday's low level of 103.50. Economic Calendar On Wednesday, the US
The USD/JPY has ended trading near the 104.00 level, as on Monday it declined to the 103.60 level. During the decline, the currency exchange rate had passed the support of the weekly S1 simple pivot point at 103.76. In the near term future, the pair was expected to reach for the weekly S2 simple pivot point. However, the 103.50 mark
The USD/JPY currency exchange rate appears to be trading on a larger scale, but still sideways. Namely, it has once again passed below the 104.20 level. During the most part of Friday's trading, the rate was located between the 104.00 and 104.20 levels. In regards to the near term future, the rate could be impacted by the technical levels near
As expected, the USD/JPY continued to surge after breaking the resistance of the 104.20/104.35 zone. However, prior to reaching new high levels, the rate retraced to the 200-hour SMA. During the middle of European trading hours, the currency exchange rate was trading in limbo around the 104.50 level. Economic Calendar The week is set to end with the US Producers Price Index
On Wednesday, around 17:00 GMT, the USD/JPY currency exchange rate ended trading sideways, as it passed the resistance of the 104.25/104.35 zone and reached the 104.40 level. This event signalled that the rate could extend its gains. In the meantime, the currency exchange rate had no resistance as high as the 107.75 level. Economic Calendar On Thursday, the US CPI data sets
The passing of the resistance of the hourly simple moving averages and the weekly simple pivot point near the 104.20 level did not result in a surge. It occurred due to the resistance area of the 104.25/104.35 levels, which was spotted and marked on Tuesday. In regards to the near term future, the rate should decline due to the resistance
On Monday morning, the USD/JPY passed the resistance of the technical levels that were located near the 104.20 mark. Namely, the 100 and 200-hour SMAs and the weekly simple pivot point were passed. Due to that reason, in theory the currency exchange rate should surge, as it had no technical resistance as high as 104.75. Economic Calendar The week is expected to
During Friday morning hours, the USD/JPY currency pair reversed north from the 103.80 level. It is likely that the pair could face the resistance provided by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 104.20 area and reverse south. Economic Calendar On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change
The resistance levels that were reached on Wednesday near the 104.75 level held, it caused a decline, which by the middle of Thursday had almost reached 104.00. During the decline, the rate passed the support of the 55, 100 and 200-hour SMAs and the simple pivot point at 104.21. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
As forecast, the USD/JPY surged due to the additional support of the 55 and 200-hour simple moving averages. Namely, the rate surged as soon as the 55-hour SMA reached the rate. This resulted in a surge, which on Wednesday tested the resistance of the weekly R1 simple pivot point at 107.72 and the 104.75 high level of November 24. Economic Calendar On
On Tuesday, the USD/JPY ended trading around the 104.00 level. The rate started to trade above the support of the 100-hour simple moving average and the weekly simple pivot point at 104.21. In the near term future, the rate could surge, as it was being approached by two additional simple moving averages. Economic Calendar On Tuesday, the currency exchange rate could be