During today's morning, the USD/JPY currency pair was testing the support cluster formed by the 55– and 100-hour SMAs, as well the weekly and monthly PP in the 107.72/107.91 range. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will
The US Federal Reserve announced on Thursday another confirmation that most likely an interest rate cut will be done in the near future. This event caused a drop of the USD/JPY, which pierced our descending channel pattern that was capturing the decline of July. On Friday morning, the currency exchange rate was recovering and aiming to reach back up to the
The USD/JPY has dropped down below the 107.80 level. The rate passed all of the hourly simple moving averages during the move. In general, the rate is expected to continue to decline. Moreover, a new descending channel pattern has been added to the hourly candle chart. No more data this week The USD/JPY this week was affected only by one macroeconomic data release.
The USD/JPY has ended trading sideways above the 107.80 level. The pair did it by surging above the resistance of the 55 and 100-hour simple moving averages in a sharp move. By the middle of Wednesday's trading session the exchange rate was fluctuating above the 108.20 level, located between the weekly pivot point and the 200-hour simple moving average. Latest Fundamental Event
On Tuesday, the USD/JPY remained above the support levels near 107.80. In general, the rate was expected to be squeezed in between the mentioned support level and the resistance of the 55 and 100-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
USD/JPY was trading above the 107.80 level since the middle of Friday's London trading session. It was expected that the rate will continue its decline as soon as the hourly simple moving averages approach it from above. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic
A surge up to the 108.60 level occurred on Thursday. It was followed by a decline back down to the 200-hour simple moving average, which was located at 108.28. In general, the rate was about to get squeezed in between the 55 and 200-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data , where
The sideways trading of the USD/JPY ended at midday on Wednesday. It ended with a crash down to the 108.50 level. Afterwards, the bearish pressure remained, as the rate resumed to decline a couple of hours later. On Thursday the rate had found support in a previously broken trend line and pivot points near 107.85. The following surge had reached resistance
On Wednesday, the USD/JPY traded in limbo around the weekly R1 at 108.91. In general, the rate was still waiting for the technical support of the 55-hour simple moving average to push it higher to the pivot point at 109.32. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of
The USD/JPY surged, as expected after the breaking of the resistance line on the hourly chart. Namely, the rate reached 108.90 at midnight. At that level the rate met with the resistance of the weekly R2. If this technical level gets broken, the rate would surge up to the 109.32 level, where the weekly R2 is located at. Latest Fundamental Event Report US
On Monday, the USD/JPY dipped down and resumed its surge by the middle of the day's trading. During the move patterns were being broken. In general, due to the breaking of resisting trend lines the rate was expected to surge. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of
During Friday's morning, the USD/JPY currency pair jumped to the psychological level at 108.00. It is likely, that the pair could re-test the upper boundary of the medium-term descending channel. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According to the official release:
During Thursday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA at 107.76. If the given support holds, some upside potential could prevail in the market in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Wednesday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA and the weekly PP at 107.63. Given that the pair is pressured by the monthly PP at 107.84, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI
On Tuesday morning the USD/JPY continued to trade below the technical resistance levels that were located just below the 108.50 level. Although, the rate might finally pass these levels, as the technical support of the 55 and 100-hour simple moving averages was approaching the pair from below. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI data ,
As most pairs on Monday, the USD/JPY had jumped. The event occurred due to the US and China resuming trade talks. The event both caused a surge of the USD and a general drop of the JPY. Namely, value went into risk on assets and currencies through the USD from the JPY. Latest Fundamental Event Report Bureau of Economic Analysis released the US
During Friday's morning, the USD/JPY was testing the support level formed by the 55- and 200-hour SMAs, as well the weekly PP at 107.70. If the given support level holds, it is expected, that a reversal north could occur. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According
The USD/JPY continued its surge on Thursday, as the 200-hour simple moving average failed to stop the surge of the rate. The pair was set to reach the resistance levels that surround the 108.40 level. Namely, a 38.20% Fibonacci retracement level and a weekly R1 were located nearby. Latest Fundamental Event Report The US Census Bureau released the US Core Durable Goods Orders
The USD/JPY was recovering on Wednesday. By the middle of the day, the rate had broken resistance of a descending channel pattern and jumped up to the 107.70 level. If the resistance at 107.70 gets broken, the rate would surge up tot eh 200-hour SMA at 107.86. Latest Fundamental Event Report The Federal Reserve released the FOMC Statement, where the US policymakers provided
The 55-hour simple moving average has forced the USD/JPY to drop below the 107.00 level. However, the drop was stopped by the lower trend line of a dominant channel down pattern. In general, a consolidation was expected either up or sideways. Which one will occur depends on whether the resistance of the 107.00 level would get passed. Latest Fundamental Event Report The Federal
The USD/JPY continues to decline, as the rate touched the levels just above the 107.00 level on Friday morning. However, a surge began, as soon as the Japanese government announced that it will intervene. In general, the Japanese are about to manipulate their currency to protect their exports and financial sector. The decline was caused by the US Federal Reserve announcing that
Two large fundamental events have taken place that have beat the USD/JPY down to 107.50. The US Federal Reserve signalled that it will do a rate hike, which caused a drop of the USD. The Bank of Japan announced that it is not changing its monetary policy crashing speculations that it will also ease policy and beat down the value of
The USD/JPY has retested a lower trend line of an ascending pattern. However, all attention is expected to go away from technical analysis despite technical levels working. That is due to the upcoming Federal Reserve and Bank of Japan monetary policy announcements set to occur at 18:00 GMT of Wednesday and during the Asian session on Thursday. Central Banks incoming On Wednesday, at
Due to comments made by the head of the Bank of Japan, the USD/JPY has declined below all technical support levels that were located from 108.44 to 108.51. By the middle of Tuesday's London trading the rate had reached the support of the weekly S1 pivot point at 108.22. Latest Fundamental Event Bureau of Labor Statistics released the US Core CPI data, which