On Thursday, the USD/JPY currency pair was consolidating the psychological level at 108.80. Given that the pair is supported by the 55- and 100-hour moving averages, it is likely that some upside potential could prevail in the market. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, there will be one data release, which might impact
On Wednesday, the USD/JPY currency pair was testing the psychological level at 108.80. Given that the pair is supported by the 55-hour moving average, it is likely that some upside potential could prevail in the market. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to
On Tuesday, the USD/JPY pierced the support of the 55-hour simple moving average. The event signalled that a decline of the pair is possible. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. This week, there will be one data release, which
The rate reached the previously set target and even surged above it. Although, after reaching the high level of 108.60 the pair began a decline, which by the middle of Monday's trading session had reached the support of the 55-hour simple moving average at 108.05. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT.
The USD/JPY surged, as forecast on Thursday. On Friday morning, the rate was testing a resistance level at 108.13. At that level a pivot point was located at. If the rate could pass this level, it would face no technical resistance as high as 108.44 where a 38.20% Fibonacci retracement level was located at. Economic Calendar Today, the US Federal Reserve Meeting Minutes
Due to trade war news the USD/JPY fluctuated from 107.00 to 107.80 during midnight GMT hours between Wednesday and Thursday. On Thursday morning, the rate found support in the 200-hour SMA just below the 107.40 mark. In general, the rate was set to surge, as it was being approached by the technical support of the 55 and 100-hour simple moving averages. Economic
During Wednesday morning, the USD/JPY currency pair broke the upper boundary of the falling wedge pattern. Given that the pair is squeezed by 55-, 100- and 200-hour moving averages, it is likely that the US Dollar could consolidate against the US Dollar. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the
A decline of USD/JPY was occurring on Tuesday, as the rate pierced through hourly simple moving averages. In general, another test of the low level of 106.60 was expected. Economic Calendar On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. On Thursday, the US
On Monday, the USD/JPY rate was being pushed down by the resistance of the 55-hour SMA near 106.90. Future scenarios were built on assumptions of the SMA being either broken or holding. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In
As expected, the decline of the USD/JPY continues. On Thursday afternoon, the rate had touched the support of a weekly pivot point at 106.49. The drop was caused by the release of US ISM Non-Manufacturing PMI. Although, the pivot point managed to hold and the rate retraced back up to the levels just below the 107.00 mark, where it traded sideways
The decline of the USD/JPY continued, as it was indicated by the charts on Wednesday. Namely, the rate reached the 107.00 level just after midnight between Wednesday and Thursday in GMT hours. At the 107.00 level the rate found support in a 23.60% Fibonacci retracement level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data
The US ISM Manufacturing PMI caused a plummeting of the USD/JPY down to the 107.70 level. On Wednesday, technical charts indicated that the rate would continue to decline. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of the Institute for
The USD/JPY has reached a new high level. The 108.46 level, where a weekly pivot point is located at was touched on Tuesday morning. In general, a retracement down is expected to occur, which should be followed by a continuation of the surge up. Economic Calendar On Tuesday, the US ISM Manufacturing PMI is set to be released at 14:00 GMT. The event
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