The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50. During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The USD/JPY has continued to decline, as the support of the 107.20 level eventually gave in and let the rate fall. By the middle of Friday's GMT trading hours, the currency exchange rate had reached the 106.75 level and had no technical support as low as 106.46. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index
On Wednesday, a decline of the USD/JPY was expected. The forecast was not precise, as instead of gradually declining the rate plummeted below the target and crashed patterns in a couple of hours after the daily publication was made. On Thursday, the rate had found support in the 107.20 level and traded almost sideways. Economic Calendar On Thursday, at 12:30 GMT the
During the last twenty four hours up to the GMT time zone morning, the USD/JPY revealed two channel patterns. Namely, a medium scale channel up pattern and a junior channel down. In theory, the pair is set to decline below the 107.40 level. However, there are more than one ways to get there. Economic Calendar On Thursday, at 12:30 GMT the weekly
The decline of the USD/JPY on Monday reached the 107.25 level. However, by the middle of Tuesday's GMT trading hours, the rate had recovered and reached above 107.75. At mid-day it was observed that the 107.75 provided resistance to the rate. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above
As expected, the USD/JPY made a sharp move. Namely, the rate started the week's trading with a surge up to the 107.75 level. However, the 107.75 mark provided resistance and caused a decline. By the middle of the day's GMT trading hours, the pair had reached the 107.50 level. Economic Calendar During the week, notable macroeconomic data releases are set to start
Since the middle of Wednesday's GMT trading hours, the USD/JPY has continued to trade near the 107.50 mark. However, on Friday, the rate decreased volatility, which signalled that the pair could soon make a sharp move. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of 11.1% compared with the forecast of
After reaching the 107.50 mark on Wednesday, the USD/JPY currency exchange rate began to trade sideways. By the middle of Thursday's trading, the rate had continued to bounce around 107.50. In the near term future, the pair was expected to get squeezed in between hourly simple moving averages. Economic Calendar The main scheduled macroeconomic data release of the week is bound to
The USD/JPY managed to break the resistance of the monthly R1 at 107.78, on Tuesday. However, the rate reversed its direction at 108.10 and began a decline. By the middle of Wednesday's GMT trading hours, the rate had almost reached the 107.50 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
Since the middle of Monday's GMT trading, the USD/JPY has been attempting to pass the resistance of the weekly R1 simple pivot point at 107.78. In the near term future, it was expected that the rate would continue to trade sideways or decline, as the most close by technical support level was near the 107.40 mark. Economic Calendar The main scheduled macroeconomic
On Friday, the 106.80 USD/JPY currency exchange rate level provided support, which started a surge. By the middle of Monday's trading, the surge had broken resistance of the 107.40 mark. In theory, the rate no longer had any resistance as high as the 107.80 mark. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday,
After reaching the resistance of a pivot point at 107.47, the USD/JPY began a decline. By the middle of Friday's GMT trading hours, the USD/JPY had reached below the support of a Fibonacci retracement level at 106.86 and no longer had any technical support as low as 106.56. Economic Calendar There are no more events scheduled for this week, which could impact
The USD/JPY currency pair exceeded the 107.20 level. It is unlikely that some downside potential could prevail in the market, as the pair could gain support from the 200-hour SMA. Economic Calendar During this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Thursday, macroeconomic data set release from the US could impact
The USD/JPY has continued to trade sideways in the range between the 106.80 and 107.00 levels. It was expected by Dukascopy Analytics that the sideways trading would end soon. Economic Calendar During this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Tuesday, the US Flash Manufacturing PMI survey results will be
On Thursday, the USD/JPY currency pair tried to exceed the resistance provided by the 55-hour SMA. If the given resistance holds, it is likely that some downside potential could prevail. Economic Calendar In regards to the USD/JPY during next week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Tuesday, the US Flash
On Wednesday, the USD/JPY currency pair declined to the 106.80 level. During Thursday morning, the pair reversed north from the given level. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. Today, the US Unemployment Claims at 12:30 GMT will be discussed by most
On Tuesday morning, the USD/JPY currency pair consolidated near the 107.40 level. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the monthly PP and trade upwards. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On
On Tuesday morning, the USD/JPY attempted to pass the 107.60 level. However, the pair failed to pass it and reached down to the technical support levels near the 107.30 mark. Future forecasts were based upon what would happen at the support levels. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that
On Friday, the USD/JPY tested the resistance provided by the 100-hour moving average near 107.50. During Monday morning hours, the pair continued to test the given resistance. If the given moving average holds, it is likely that some downside potential could prevail. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases
The ongoing large decline of the USD/JPY stopped at midnight, when the rate reversed and began a recovery. By the middle of Friday's GMT trading hours, the rate had reached back up to the 107.60 level, where it met with the resistance of the 100-hour simple moving average. Economic Calendar In regards to the USD/JPY during next week, there are a
The decline of the USD/JPY has continued. On Thursday, the pair started to test the support of a 38.20% Fibonacci retracement level at the 106.86 level. In the meantime, take into account that the FOMC announcements on Wednesday did not cause a large increase of volatility, as it did on the EUR/USD charts. Economic Calendar Economic calendars show the US PPI and
On Wednesday morning, the decline of the USD/JPY reached the monthly simple pivot point at 107.30. Future forecasts were based upon what would happen at the pivot point. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to make a rate announcement and FOMC Statement. Prior to that, a minor reaction could be caused by the US CPI at 12:30 GMT. In
The decline of the USD/JPY currency exchange rate has continued, as by the middle of Tuesday's GMT trading hours the rate had touched the 107.80 mark. In regards to the near term future, it appeared on Tuesday that the rate could consolidate and afterwards resume the decline. Economic Calendar During the week, the action on the economic calendars will start and most
The surge of the USD/JPY ended at the resistance of a 61.80% Fibonacci retracement level at the 109.83 level. This technical level caused a decline. By the middle of Monday's GMT trading hours, the decline had passed support levels near 109.30 and was expected to reach for the 109.00 mark. Economic Calendar During the week, the action on the economic calendars will