The recovery of the USD/JPY was stopped at GMT midnight from Thursday to Friday. At that time, the rate bounced off the resistance of the 55-hour SMA and began a decline. On Friday morning, the SMA had pushed the pair down to the 104.60 mark. Economic Calendar On Friday, the US Markit Flash Services and Manufacturing PMIs could cause a move
The decline of the USD/JPY stopped on Wednesday at 104.35. Afterwards, a recovery began, which by the middle of Thursday's European trading had reached the 104.80 mark. US Dollar Drops on Stimulus Talks From Tuesday to Wednesday, the US Dollar depreciated actively against the Japanese Yen. The USD/JPY currency pair lost 137 pips or 1.30%. It is likely that the
The USD/JPY surged on Tuesday morning, as it was expected. However, the rate found resistance in 105.75. Afterwards, a decline started, which eventually dropped below all technical support levels. Moreover, on Wednesday morning, a fundamental drop occurred, which stopped just above the 104.80 mark. A report on the drop is expected to be published in the Expert Commentary section after
On Tuesday morning, the USD/JPY currency exchange rate reached above the 105.50 level and began to trade sideways between 105.50 and 105.60. In the near term future, the currency exchange rate was expected to surge, as soon as the 55 and 100-hour simple moving averages approach the pair. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30
On Monday, the USD/JPY currency exchange rate was testing the combined support of the 55 and 100-hour simple moving averages and a monthly pivot point at 105.35. In the meantime, the rate faced the resistance of the weekly simple pivot point at 105.44 and the psychological resistance of the 105.50 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims will be
On Friday, the USD/JPY traded near the 105.20/105.30 zone. In the meantime, the rate had showed that it was not impacted by the 55 and 100-hour simple moving averages. Economic Calendar On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases the market barely reacts to this data. Namely, there
The USD/JPY reached the 23.60% Fibonacci retracement level at 105.03, as it was expected. Afterwards, the Fibo caused a surge, which retraced back up to the resistance of the pivot point and 55-hour SMA near 105.35. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. Since September, the publication caused moves of 4.2 to 14.8 pips. On
At mid-day on Wednesday, the USD/JPY currency exchange rate dropped below the pivot points that had kept it up throughout this week. In the near term future, the currency exchange rate was expected to reach for the 105.00 mark, where a 23.60% Fibonacci retracement level was located at. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30
On Friday, the rate failed to recover, as the 55-hour SMA provided resistance and caused a decline below the 100-hour SMA. On Monday morning, the decline continued, as the rate had reached the 105.45 level. In addition, the rate had no technical support as low as 105.34. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30
The USD/JPY ended trading flat at the 106.00 level at GMT midnight between Thursday and Friday. The rate drooped to the support of the 100-hour simple moving average at the 105.80 level, from which it began a recovery. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could cause a noteworthy
Since Wednesday morning, the USD/JPY currency exchange rate has been fluctuating around the 106.00 level. It was spotted that the rate had the support of the 105.94 level and the resistance of 106.09. The rate could continue to trade sideways until it is approached by the hourly simple moving averages, which caused the breaking of the pivot point at 105.77. Economic
The USD/JPY broke the resistance of the weekly R1 simple pivot point at 105.77 on Wednesday morning. This resulted in a surge that reached above the 106.00. In the near term future, the rate was set to test the weekly R2 simple pivot point at 106.22. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
On Tuesday morning, the USD/JPY declined to the combined support of three hourly simple moving averages at the 105.50 mark. Future forecasts were based upon what would happen at this level. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a rate statement. In the past,
During Monday's first half of European trading hours, the USD/JPY continued to recover. By the middle of the day, the rate had reached back up above the 105.60 level. In the near term future, the rate was expected to be pushed up by the support of hourly simple moving averages. Economic Calendar Pay attention to the economic data releases already on Monday.
The USD/JPY plummeted on Friday morning, as a run to safety was caused by the announcement of the US President Donald Trump that he and his wife had contracted the coronavirus. The rate's sharp drop stopped at the 105.00 level and afterwards began a consolidation in the 105.00/105.20 range. Economic Calendar The week will end with a monthly data release. The US
A larger review of the pair's hourly chart was conducted on Thursday morning. It was spotted that the rate had been trading in a channel up pattern since September 23. In the meantime, note that the 100-hour SMA failed to continue to push the rate up. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a
The USD/JPY passed the support of the channel up pattern on Tuesday. However, the rate did not decline far, as it found support in the 100-hour simple moving average near 105.50. In theory, the rate could surge and make another attempt to pass the resistance of the 105.80 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data
On Tuesday morning, the USD/JPY currency exchange rate tested the resistance of the 105.70 level. The rate was expected to pass this resistance, as the support of the 100-hour simple moving average had proven that it has the required strength to push the pair up. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
On Monday morning, the USD/JPY rate declined and began to trade between the support of the 100-hour SMA and the resistance of the 55-hour simple moving average. In the near term future, a squeeze between the pivot points was expected to cause a surge to the 106.00 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release
By the middle of Friday's GMT trading hours, the USD/JPY remained below the resistance of the 105.50 level. Moreover, the approach of the 55-hour simple moving average did not cause a surge of the pair. In the near term future, the currency exchange rate was expected to remain below the 105.50 mark. Economic Calendar On Wednesday, at 12:15 GMT the ADP
On Thursday, the USD/JPY traded in limbo around the 105.40 level. The pair was kept there by the resistance of the 105.50 mark. The rate was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. Economic Calendar The week will end with a possible minor move from the US Durable Goods
The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is
After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the 55-hour simple moving average. On Tuesday morning, the SMAs were located at 104.70 and 104.50. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit
On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a