The USD/JPY was once again testing the resistance zone of 109.25/109.35, as the Federal Reserve mate a rate statement and monetary policy statement, which caused high volatility. Namely, since 18:00 GMT on Wednesday, the pair has been sharply moving between the mentioned resistance zone and the support of 108.80/108.75. Economic Calendar There are no more notable events scheduled for this week.
The attempts to pass the resistance of the 109.25/109.35 zone eventually failed. Afterwards the rate started a decline, which passed the support of hourly simple moving averages and the weekly simple pivot point before reaching the 108.80 level. The 108.80 mark provided support, which resulted in a recovery. Economic Calendar On Wednesday, the US Federal Reserve is set to publish a
Since early Monday's trading hours, the USD/JPY has been testing the resistance zone of the March high levels. However, the rate has been booking higher low levels after each failed attempt to pass the zone. In addition, the support of the 55-hour simple moving average was approaching the rate from below. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail
The break out from the squeeze of the USD/JPY has resulted in a new 2021 high level. However, after booking the high level, the rate retraced back down to the 109.00 mark. In the near term future, the pair could be pushed up by the hourly simple moving averages. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail Sales and
The USD/JPY has broken the channel down pattern. Namely, the squeeze between the upper trend line of the pattern and the 50.00% Fibonacci retracement level at 108.35 ended with a break-out to the upside. By the middle of Friday's trading, the rate was reaching for the weekly R1 at 109.23. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail Sales
The USD/JPY currency exchange rate has been finding support in a 50.00% Fibonacci retracement level at 108.35. In addition, note that a channel down pattern was spotted. Most USD rates have been guided by a channel pattern throughout the week. In the case of the USD/JPY the pattern is capturing a decline of the rate. Economic Calendar The notable data releases
The support of the 55-hour SMA, which pushed the rate up since February 24 has failed at continuing the surge of the USD/JPY. Since late Tuesday's European trading hours, the rate has been trading around the simple moving average. In the meantime, the currency exchange rate was being approached by the support of the 100-hour simple moving average. Economic Calendar On Wednesday,
The USD/JPY surged on Monday without the support of the 55-hour SMA. On Tuesday morning, the rate reached the resistance of the weekly R1, which managed to hold and cause a retracement back down. By the middle of the day, the pair had found support in the mentioned 55-hour SMA and appeared to be about to resume its decline. Economic Calendar On
The USD/JPY has been consolidating by trading sideways, as the pair found resistance at the 108.60 level. The rate could resume its surge, as soon as the 55-hour simple moving average catches up with the rate. Economic Calendar On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30 GMT. The USD/JPY has moved from
New high levels have been reached by the USD/JPY the most recent surge was caused by the US Federal Reserve. Namely, a speech made by the head of the Federal Reserve Jerome Powell has caused an all-out surge of the USD. At mid-day on Friday, the rate was testing the resistance of the 108.50 level. Economic Calendar On Wednesday, the US ADP
The surge of the USD/JPY has continued, as on Thursday morning the rate almost reached the 107.40 level. However, a consolidation by trading sideways or declining was highly likely, as the USD had overextended its gains against the JPY. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market does not
On Wednesday, the USD/JPY was being supported by the 55-hour simple moving average, which was pushing the rate up. It was expected that the rate would most likely reach new high levels. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market does not care, as since December 2 the rate
The USD/JPY has reached a new high level, as it has almost reached the 107.00 mark. In the near term future, the pair was expected to look for support that could provide the needed push for the rate to reach new high levels. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines.
On Monday, the USD/JPY started the week by trading near the 106.50 mark, which appeared to be providing the currency exchange rate with support. In the meantime, the rate was being approached by the 55-hour simple moving average, which caused a surge on Friday. Economic Calendar On Monday, at 15:00 GMT, expect the US ISM Manufacturing PMI survey results to cause a
The weekly R1 pivot point eventually failed to provide resistance, as the rate managed to reach the 106.40 mark during Thursday's trading hours. However, the 106.40 held and caused a retracement to the 55-hour SMA. During the first half of Friday's European trading hours, the 55-hour simple moving average was providing support and pushing the rate back up. Economic Calendar On Monday,
On Thursday, the USD/JPY traded around the 106.00 level. In the meantime, support was provided by the 105.84 level and resistance was provided by the weekly R1 simple pivot point at 106.17. Future scenarios were based upon whether or not the pivot point holds. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a
On Wednesday, the USD/JPY currency exchange rate passed the resistance of the 100 and 200-hour simple moving averages near 105.40 and the weekly simple pivot point at 105.54. By the middle of the day, the rate had reached above the 105.84 level, from which it had bounced off on Monday. Economic Calendar This week, only the US Preliminary GDP release on Thursday
After trading around the 105.00 mark since the middle of Monday's trading, on Tuesday, the USD/JPY currency exchange rate recovered. By the middle of the day's European trading, the pair had reached the 105.30 level. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to
Since Friday, the USD/JPY has been respecting simple moving averages. The situation changed just before mid-day on Monday. At that time, no SMA or pivot point managed to provide support, as the rate dropped to the 105.00 mark. Moreover, just prior to the fall, the rate had moved above all technical resistance levels and appeared to be set for additional
On Friday morning, the USD/JPY passed the support of the 100-hour simple moving average and the weekly simple pivot point at 105.62. This resulted in a sharp decline to the 105.30 mark. In the near term future, the rate was expected to look for support in the 200-hour SMA at 105.20. Economic Calendar The week will end for the USD/JPY with the
After making two attempts to pass the resistance of the 106.20 level, the USD/JPY currency exchange rate declined. At mid-day on Thursday, the pair passed below the support of the 55-hour simple moving average. Previously, on Tuesday, the SMA caused the rate's surge from the 105.20 to the 105.20 level. Economic Calendar On Thursday, market participants are set to watch the
Not only did the USD/JPY reach the 106.00 level, as it was forecast, but the pair also reached the 106.20 level just before midnight to Wednesday. Afterwards, the 106.20 level provided resistance, which caused a retracement down. Economic Calendar On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could cause a move of 5.3 to 11.2 pips,
On Tuesday, the USD/JPY retraced back down to find support in the 55-hour SMA and the 105.20 level. Afterwards, by the start of the day's US trading hours, the rate had reached above the 105.70 mark. In the near term future, the rate could test the resistance of the 106.00 mark. Economic Calendar The week is expected to have a lot of
The USD/JPY has broken free from trading near the 105.00 level, as the rate has surged to the 105.40 mark. I the near term future, the rate was expected to consolidate before it would resume its surge. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency exchange rate. On Wednesday, at 13:30 GMT, the