The USD/JPY currency exchange rate has plummeted, as the markets have taken in the Federal Reserve rate hike and new macroeconomic information that impacts the US Dollar. On Thursday, the pair traded near the 132.50 level. Economic Calendar On Friday, the top event for the Japanese Yen is set to occur. However, no pre-set time is available for the event. Namely, the
The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analysing the technical chart, note that the Federal
The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. Economic Calendar On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of
The USD/JPY currency exchange rate has reached a level not observed since 1998. The pair has hit the 135.00 mark's resistance. During the early hours of Monday's trading, the pair failed at passing clearly above the high level and retraced downwards. At mid-day the currency rate was looking for support in the combination of the 50-hour simple moving average and the
The 134.50 mark provided enough resistance to the USD/JPY to cause a retracement down below the 133.50 level, the 50-hour simple moving average and the weekly R2 simple pivot point at 133.66. During the second half of Thursday's trading, the pair had resumed its surge, as it reached above 134.00. Economic Calendar On Friday, the US Consumer Price Index release at 12:30
At mid-day on Wednesday, the USD/JPY pair's surge hit the 134.50 mark. Meanwhile, it was spotted that the 133.50 and 134.00 levels and the weekly R2 simple pivot point failed to act as resistance. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart A
Since the second part of Friday's trading, the USD/JPY has been testing the resistance of the 131.00/131.40 zone. Meanwhile, support was being provided by the combination of the 130.50 level and the lower trend line of the channel up pattern. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the
On Friday morning, the USD/JPY found enough support in the 129.50/129.80 zone to start a surge. By the middle of the day's trading, the pair had already passed above the 130.50 mark. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart If the US
The surge of the USD/JPY currency pair has reached the high level zone at 129.50/129.80. Economic Calendar This week, traders will be initially looking at the ISM Manufacturing Purchasing Managers Index survey results on Wednesday at 14:00 GMT. The publication is set to reveal how the US Manufacturing industry is looking at the future and with it impact the value of the
On Monday, the USD/JPY bounce off the last week's low level trend line and surged to the 127.50/127.60 zone. At mid-day on Monday, the resistance zone was passed and the pair began to test the upper trend line of the channel down pattern, which had guided the rate since the start of May. Economic Calendar This week, traders will be initially looking
The decline, which was caused by the Governor of the Bank of Japan on Thursday, found support in the 126.55/126.60 range. Afterwards, a recovery to the 127.40 level occurred. On Friday morning, the rate fluctuated around the 127.00 level, as support and resistance was being provided by round exchange rate levels. It appeared that the pair was still looking for direction
On Thursday morning, the USD/JPY had failed at its second attempt at passing the 127.50 level and a resistance zone, which surrounds it, as the head of the Bank of Japan Haruhiko Kuroda commented on monetary policy and caused a surge of the Japanese Yen. The Governor of the Bank of Japan stated that the Japanese central bank could execute a
On Tuesday, the decline of the USD/JPY pair found support in the 126.50 level. Namely, support was provided by the 126.37/126.50 zone. By the start of Wednesday's US trading hours, the pair had reached the 50-hour simple moving average, which acted as resistance. However, at 14:30 GMT, the pair broke the resistance and started a surge. Economic Calendar On Wednesday, the rate
The USD/JPY encountered resistance in the 100-hour simple moving average and the 128.00 mark at midnight to Tuesday. During the first half of Tuesday's trading hours, the pair had declined and approached the support of the 127.00 level. Economic Calendar On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00
On Friday, the USD/JPY revealed a new resistance zone at 128.20/128.30. On Monday, the resistance zone was strengthened by the new weekly simple pivot point at 128.19 and the 100-hour simple moving average. Meanwhile, the currency pair had retraced to the 127.50 mark. Economic Calendar On Wednesday, the rate is bound to move due to the release of the Federal Open Market
On Thursday morning, the USD/JPY consolidated its decline by retracing to the 129.00 mark and the 50 and 100-hour simple moving averages. However, even before reaching the resistance levels, a decline started. By the middle of the day's European trading hours, the decline had reached the May low level zone at 127.50/127.75. Economic Calendar This week, notable events are over. Next week's
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
During the first half of Monday's trading hours, the USD/JPY currency pair made two attempts at passing the resistance zone of the May 10 and 11 low levels at 129.49/129.80. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to
By late Friday's trading hours, the USD/JPY currency pair had recovered and almost reached the 129.50 mark. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see historical move tables click on the link
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. Economic Calendar On Thursday, at 12:30 GMT, US Producer Price
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3% and 0.6%
Despite reaching below the 130.00 mark, the USD/JPY did not decline during the first half of Tuesday's trading hours. The rate revealed a support zone at 129.78/129.86. Meanwhile, resistance was being provided by the 130.50/130.58 zone and the 50-hour simple moving average. The sideways trading could be explained with the markets expecting the upcoming US Consumer Price Index data on Wednesday
On Monday morning, the USD Dollar surged against the Yen above the high level zone at 131.00/131.25 and shortly touched the weekly R1 simple pivot point at 131.33. However, almost immediately after the event, the pair sharply declined. By 16:00 GMT, the currency pair had almost reached the combined support of the 130.00 level, the weekly simple pivot point at