Since reaching the 104.00 level, the USD/JPY currency exchange rate has traded in limbo around this level, as it has fluctuated from 103.85 to 104.30 levels. In the near term future, the rate had two possible scenarios. Economic Calendar On Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has
On Friday, the USD/JPY currency exchange rate retreated to trade below the technical levels that surrounded the 104.20 level. In the near term future, the rate was expected to continue to decline, as it had no support as low as 103.70. Economic Calendar Next week, on Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US
The 55-hour SMA failed to push the USD/JPY up. Instead, the SMA's support was passed. Moreover, the SMA began to provide resistance to the rate's attempted recovery. By the middle of Thursday's European trading hours, the rate had retreated to a technical support cluster that was located at 104.20/25. Economic Calendar There are no more notable events scheduled for this week. However,
On Wednesday morning, the USD/JPY continued the decline that was started on Tuesday. By the middle of the day's European trading hours, the currency exchange rate had reached the technical support of the 55-hour simple moving average. In regards to the near term future, the pair's direction depends on whether the 55-hour SMA manages to push the rate up. Economic Calendar On
The USD/JPY consolidated on Tuesday morning by retracing to the 104.20 level. This level provided support, which caused a surge. By the start of US trading hours, the currency exchange rate had reached above the 104.70 mark. Economic Calendar Another day to watch the Economic calendars will be Wednesday. At 12:30 GMT the usual US weekly Unemployment Claims are set to grab
On Monday, the USD/JPY currency exchange rate suddenly surged, as another coronavirus vaccine was announced. This time AstraZeneca stated that its vaccine was around 90% effective. This event caused a surge of the rate, which passed the 104.25 level. During the surge, the resistance of the 55 and 100-hour SMAs together with the weekly pivot point were broken. Economic Calendar On Monday,
The 104.20 mark, which was reached on Thursday, stopped the USD/JPY recovery. The event was followed by a decline back down to the 103.80 level. Since Thursday's late trading hours, the rate has been trading almost sideways near the mentioned level. Economic Calendar On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause
On Wednesday, the USD/JPY's decline reached a new low level, as the rate touched the 103.65 level. However, after trading sideways, the rate began a recovery on Thursday, which reached the resistance of the 104.20 Economic Calendar On Thursday, expect the usual US Unemployment Claims at 13:30 GMT. Click on the link below to find out more about the data releases of
On Monday, the USD/JPY currency exchange rate experienced a sharp move upwards, which was caused by the announcement of another, more effective coronavirus vaccine. However, afterwards the rate retraced back down to the 104.50 level. Moreover, by the middle of Tuesday's GMT trading hours, the rate had reached a new low level, as the 104.25 mark was providing support. Economic Calendar Notable
The decline of the USD/JPY currency exchange rate has continued, as on Monday, the pair touched the 104.40 level. Meanwhile, the rate had passed all technical resistance levels, which could provide support as low as 103.39. Economic Calendar Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets to slightly increase USD volatility. On Thursday, expect the
The hourly simple moving averages did not manage to provide enough support for the USD/JPY currency exchange rate to pass the resistance of the 105.65 level. On Friday, the rate had retreated to trade below the 105.00 mark. Economic Calendar On Friday, the US Producer Price Indices are scheduled to be released at 13:30 GMT. The USD/JPY has moved from 4.7 to
The USD/JPY currency exchange rate made an attempt to pass the post Pfizer vaccine surge high. The pair failed at this and returned to trade below 105.50. In the meantime, the 55-hour simple moving average had caught up with the rate. Economic Calendar On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index
The USD/JPY currency exchange rate has continued to trade sideways between 105.00 and 105.50 since the fundamental surge that occurred on Monday. In regards to the near term future, the rate was expected to receive support from the 55-hour SMA. Economic Calendar On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index and
On Tuesday, the USD/JPY traded above the 105.00 level, which appeared to provide support to the currency exchange rate in the aftermath of the prior jump. The USD/JPY currency exchange rate jumped 236 pips or 2.29%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more than 90% of cases in
On Friday, the USD/JPY stopped its decline at the 103.20 level. On Monday, a surge started from this level. At mid-day, the surge escalated into a jump due to fundamental news. The USD/JPY currency exchange rate jumped 81 pips or 0.78%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more
The USD/JPY has broken out of the descending triangle pattern, the rate is heading down. At mid-day on Friday, the pair was aiming at the 103.00 level. However, take into account that the decline could be slowed down by the weekly S3 simple pivot point at 103.10. Economic Calendar On Friday, the US are publishing their monthly employment statistics. Among them will
The retreat of the USD/JPY reached the support of the 104.00 level. This level provided enough support for the pair to do a short term retracement back up to the 104.40 level, which beat it down. At mid-day on Thursday, the currency exchange rate was expected to test the support of the 104.00 again. Economic Calendar On Thursday, expect the weekly US
The USD/JPY executed a sharp surge up and reached above the 105.00 level by touching the 105.35 mark. However, the USD began an all-out retreat on all charts after the sudden surge. By the middle of Wednesday's GMT trading hours, the currency exchange rate had retreated to the 104.50 level. Moreover, it had no technical support as low as the
On Tuesday, the USD/JPY revealed a rising wedge pattern, which had guided the rate since October 28. Meanwhile, in regards to the near term future, the pair was expected to reach for the 105.00 level. Economic Calendar US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On the day after
Since Wednesday, the USD/JPY has continued to bounce off support levels in the 104.20/104.00 zone. At mid-day on Friday, the rate was once again heading higher after bouncing off the mentioned support. Economic Calendar Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On Monday, the US ISM
On Thursday morning, the USD/JPY rate was approached by the 55-hour SMA, which caused a drop of the rate. Moreover, the drop passed the support of the pivot points at the 104.13 level. In general, the rate had no technical support as low as the weekly S2 simple pivot point at 103.54. However, the round exchange rate level of 104.00
The 104.60 level did not provide enough support to hold the USD/JPY rate up for long. Namely, the rate traded above the 104.60 from 13:00 GMT on Tuesday to until 01:00 GMT on Wednesday. On Wednesday, the rate reached the support levels at 104.13, which caused a retracement back up to the 104.40 mark. Economic Calendar On Thursday, at 12:30 GMT two
On Tuesday, the USD/JPY retreated to the 104.60 level. The decline was caused on Monday by the resistance of the 105.00 level. The near term future was dependant on what would happen at the 104.60 mark, as this level previously provided support. Economic Calendar On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT.
On Monday, the USD/JPY currency exchange rate was testing technical resistance levels near the 105.00 level. Future scenarios were based upon whether the 105.00 level is passed or the rate bounces off it. Economic Calendar On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. This event has caused moves on the USD/JPY from