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
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