On Friday, the USD/JPY made an attempt to pass the resistance levels at 108.20 and failed. Since the attempt the rate has been finding support in the 55 and 200-hour simple moving averages that on Monday were located near the 107.80 mark. Meanwhile, the rate was being kept down by the resistance of the 108.00 level. Economic Calendar On Tuesday, the US ISM
On Friday, the USD/JPY was heading to the 108.00 level, as it had broken the resistance of the technical levels near 107.80. In general, the surge was expected to pass the 108.00 mark and reach for the weekly pivot point at 108.22. Economic Calendar The week will end with the US Durable Goods Orders data release at 12:30 GMT. The event will consist
The surge of the USD/JPY hit the 107.85 level, where two technical levels were located and bounced off it. By the middle of Thursday's trading session the currency exchange rate had declined down to the 100-hour SMA's support at 107.57. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This event has caused moves on the USD/JPY
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 55-hour moving average. Note that the pair is trading near the upper boundary of the short-term descending channel. Thus, from a theoretical point of view, it is likely that bears could prevail in the market. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT.
By the middle of Tuesday's London trading session, the USD/JPY currency exchange rate had pierced the resistance of the 55-hour simple moving average. The pair was about to approach the resistance of the 100 and 200-hour SMAs and the weekly simple pivot point above the 107.80 level. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This
On Monday, the USD/JPY rate pierced technical support levels near 107.50. The event signalled that the currency exchange rate could continue its decline. In that case the weekly S1 at 107.21 would be targeted next. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This event has caused moves on the USD/JPY from 6.3 to 10.5 pips since
On Friday, the USD/JPY currency rate had broken out of being squeezed in between the 100 and 200-hour simple moving averages. The rate broke out downwards. Although, the break out was not followed by a sharp move. It was stopped by the support of the 107.80 level. Note that at that level the rate also stopped the decline, which was caused
The Federal Reserve rate cut caused an increase of volatility, which had ended on Thursday morning. The rate traded in the range from 107.80 to 108.10. In general, the rate was expected to get squeezed in between the resistance of the 55 and 100-hour simple moving averages from above and the support of the 200-hour SMA. Economic Calendar There are no more notable
On Wednesday, the USD/JPY traded sideways with a reduced volatility. The rate was in the expectations of the Federal Reserve announcement today for future guidance. Meanwhile, the rate was located twenty pips from both support and resistance levels. Economic Calendar On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data
The USD/JPY found support in the weekly pivot point at 107.73 and began a surge, which almost touched the 108.40 level. On Tuesday, the rate was trading sideways around the 108.20 level. Economic Calendar On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data will be published at the same
The USD/JPY started the week's trading with a gap down. After the lower opening, the rate traded with high volatility before settling between two hourly simple moving averages. In general, the rate was expected to get squeezed in between the 55 and 100-hour simple moving averages. Economic Calendar On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00
The USD/JPY currency pair has been testing the resistance level formed by the weekly R2 located at 108.13. If the given resistance holds, it is likely that bears could prevail in the market. Economic Calendar This week will end with the US Retail Sales data release at 12:30 GMT on Friday, September 13. Next week there will be only a couple
Yesterday, the USD/JPY currency pair reached the resistance level formed by the weekly R2 at 108.13. During Thursday morning, a reversal south occurred. Given, that the pair is supported by the 55- and 100-hour SMAs, the US Dollar could consolidate against the Japanese Yen in the short term. Economic Calendar This week there are couple of events that could move the USD/JPY
As expected, the USD/JPY retraced back down to 107.20 on Tuesday and resumed its surge. By the middle of Wednesday's London trading session, the currency exchange rate had reached the 107.80 level. Moreover, it had no technical resistance levels that could slow down the surge as high as 108.00. Economic Calendar This week there are couple of events that could move the USD/JPY
As it was speculated on Monday, the USD/JPY rate has reached the 107.50 level. After the event ther ate began a decline. In general, the rate was expected to consolidate by either trading sideways or declining down to the support of the 107.20 level. Economic Calendar This week there are couple of events that could move the USD/JPY pair. On Wednesday, September 11,
Since the middle of Friday's London trading hours, the USD/JPY has been pushed up by the 55-hour simple moving average. The SMA was expected to push the pair into another test of the resistance at 107.20. If this resistance level gets passed, the rate could surge up to 107.50. Economic Calendar This week there are couple of events that could move the USD/JPY
During Friday morning, the USD/JPY currency pair was testing the resistance level formed by the Fibonacci 23.60% retracement at 107.02. It is likely that the Greenback could trade sideways against the Japanese Yen. Economic Calendar Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. Due
During Thursday morning, the USD/JPY currency pair reversed south from the monthly PP at 106.70. It is unlikely that the pair could drop lower than the 106.00 mark due to the support of the 55-, 100- and 200-hour SMAs. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 100-hour moving average at 106.24. If the given resistance holds, it is likely that bears could prevail in the market in the short run. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the
Since Monday, the US Dollar has been consolidating against the Japanese Yen. If the support formed by the 100- and 200-hour moving averages hold, it is likely that the USD/JPY currency pair could maintain its consolidation in the short term.Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, at
During Monday morning, the US Dollar appreciated slightly against the Japanese Yen, as the USD/JPY currency pair is supported by the 55-, 100- and 200-hour SMAs.It is likely, that the exchange rate could continue to recover. Important level to look out for is the weekly PP at 106.70. Economic Calendar This week there are a couple of US data releases on the
During a second attempt, the USD/JPY managed to break the resistance of the 200-hour SMA and surge above the 106.60 level. On Friday, the rate was trading below a pivot point that is located at 106.54. The rate was consolidating and expecting the support of hourly simple moving averages, which were set to push the rate higher. Economic Calendar This week's data releases
The USD/JPY did not follow the previous forecast, as it broke the resistance of the 55 and 100-hour simple moving averages and two pivot points. The following surge has been testing the 106.20 level. At that level the 200-hour simple moving average was located throughout this week. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.
On Wednesday, the USD/JPY traded near the previous trading sessions levels. Namely, the pair traded flat between 105.70 and 105.80. In general, the rate was expected to decline as soon as the resistance of the 100-hour simple moving average approaches. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on USD/JPY