The retracement of the USD/JPY currency exchange rate downwards has ended. The pair's most recent surge is being attributed to the approaching 50-hour simple moving average. By 14:00 GMT, the pair was approaching the 122.00 mark, which was strengthened by the close by weekly R3 simple pivot point at 122.09. Economic Calendar The week's notable events are over. Next week's review will
The decline of the Japanese Yen has continued, as the USD/JPY currency exchange rate has reached the 121.40 level. This level acted as resistance and caused a decline. The decline was assumed to be a consolidation of gains due to the pair being largely overbought. Economic Calendar On Thursday, at 12:30 GMT, the US Durable Goods Orders, Core Durable Goods Orders and
The USD/JPY currency exchange rate was steeply rising since March 14 in a channel up pattern. On Tuesday, the pattern was broken to the upside. By the middle of the day's trading, the pair had already reached the 121.00 mark, which acted as resistance. Meanwhile, a minor retracement appeared to have found support in the 120.50 mark. Economic Calendar On Thursday, at
On Thursday, the USD/JPY currency exchange rate found enough support in the zone at 118.35/118.45 to start a sharp surge. By the middle of Friday's trading the pair had reached once again above the weekly R2 simple pivot point at 119.04 and the 119.00 mark. Economic Calendar On Thursday, at 12:30 GMT, the US Durable Goods Orders, Core Durable Goods Orders and
The USD/JPY currency exchange rate was reaching above the 119.00 mark, as the US Federal Reserve Chairman Jerome Powell talked at a press conference and caused a drop of the USD. On the charts it resulted in a decline back to the 118.60 level. However, the pair made another attempt at passing the 119.00 mark, which failed. On Thursday, the pair
The surge of the US Dollar against the Japanese Yen has encountered resistance near the 118.50 mark. Namely, a narrow zone below the round exchange rate level appears to have had enough profit taking and going short that the pair reversed its direction. On Tuesday, the currency pair's decline found support in the 50-hour simple moving average near 117.80. Economic Calendar On Wednesday,
On the third attempt the USD/JPY broke the resistance of the 2022 high level zone at 116.20/116.35. The event was followed by a sharp move upwards. Up to the middle of Monday's trading, USD/JPY bulls were looking at profits, as the pair had reached the 118.00 mark. During the last couple of trading sessions, the pair only shortly paused at
Despite shortly returning to trade below the 115.70/115.80 zone, the USD/JPY has surged and reached a new high level. The pair has been pushed up by the support of the 50-hour simple moving average. Meanwhile, the resistance zone that surrounds the 116.30 mark has been adjusted, as it has been observed that the 116.20 level is acting as resistance. Economic Calendar On
At midnight to Wednesday, the US Dollar passed the resistance zone of the late February and early March high level at 115.70/115.80 against the Japanese Yen. Afterwards, the pair confirmed the zone as support and resumed its surge. A potential target for the rate could be the 116.00 level. Meanwhile, it was spotted that the currency pair has been surging
The USD/JPY managed to pass the combined resistance of the 50, 100 and 200-hour simple moving average at 115.25. Afterwards, the SMAs began to act as support and caused a surge. By the middle of Tuesday's European trading hours, the currency pair had reached the 115.70/115.80 zone, which captures the late February high levels. Economic Calendar On Thursday, at 13:30 GMT, the
The sharp Friday's drop of the USD/JPY currency rate ended at the 114.65 level. Afterwards, a recovery started, which by the middle of Monday's trading hours had reached the combination of the 50, 100 and 200-hour simple moving averages at 115.25. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to
At mid-day on Friday, the USD/JPY currency exchange rate passed below the combined support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 115.24/115.29. The rate declined in a sharp drop, which by 16:00 GMT was approaching the support of the weekly S1 simple pivot point at 114.74. The pivot point acted as support
The USD/JPY bounced off the resistance of the post Ukraine invasion high level zone for the third time on Thursday. By the end of the day's US trading hours at 21:00 GMT, the pair had retraced to the support of the 50 and 100-hour simple moving averages near 115.30/115.40. In addition, the 200-hour simple moving average and the weekly simple pivot
On Tuesday, the USD/JPY currency pair found support in the weekly S1 simple pivot point at 114.74. The pivot point's support and the 114.80 mark held out for eleven hours, before a surge started. During the first half of Wednesday's trading, the pair had passed above the resistance of the 50, 100 and 200-hour simple moving averages and the weekly
The USD/JPY fulfilled the scenario of a decline on Monday, as the pair declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, and the 115.00 mark. On Tuesday morning, the rate retraced back up and confirmed that the weekly simple pivot point is capable of acting as resistance, due to the pair bouncing off
First of all, the USD/JPY has broken the channel up pattern, which guided the rate up during the end of the last week. Meanwhile, the pair has revealed that it faces a resistance zone at 115.70/115.80. In the meantime, support was being provided by the 50-hour simple moving average and the 115.30 level. Economic Calendar At 15:00 GMT on Tuesday, the US
The USD/JPY currency rate hit a low level on Thursday, as the pair shortly traded below the 114.50 mark. Note that the 114.50 level had been pierced on Monday and on Thursday. Afterwards, the rate began a recovery. By the start of Friday's US trading hours, it was spotted that the rate had been recovering in a channel up pattern. Economic
The USD/JPY currency exchange rate found support in the 114.80 level at GMT midnight to Friday. The event resulted in a surge, which was stopped by the 50-hour simple moving average near the 115.20 mark. Economic Calendar During next week, there are various types of events, which could impact different currencies. However, among the events it is clear that the top one
At mid-day on Thursday, the USD/JPY currency exchange rate reached below the mid-February low level zone and the 115.00 mark. However, the event did not result in a follow-up decline, as the pair found support in the weekly S1 simple pivot point at 114.89. Economic Calendar During next week, there are various types of events, which could impact different currencies. However, among
Since the middle of Tuesday's European trading hours, the USD/JPY currency exchange rate has been ignoring technical levels. The exception to the statement is the providing of support by the already failed weekly simple pivot point at 115.62. On Wednesday, at 19:00 GMT, the pair reacted to the FOMC Meeting Minutes with a decline to the 115.40 level. Economic Calendar On Thursday,
At mid-day on Tuesday, the USD/JPY currency exchange rate was testing the resistance of the January high level zone at 115.68/115.71. The rate failed to pass this zone during the late trading hours of Monday. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the production level. Possibly the top event
On Friday, the USD/JPY currency exchange rate was testing the support of the channel up pattern and the 50-hour simple moving average near 115.85. However, the US government announced that Russia is about to invade Ukraine. The event caused a major run to safety, as the value of the Japanese Yen spiked. On the USD/JPY charts it resulted in a two
Despite the volatility caused by the release of the US Consumer Price Index data on Thursday, the USD/JPY currency exchange rate has continued to trade in a channel up pattern. The CPI release resulted in a test of the resistance of the high level zone at 116.25/116.35. The bounce off from the resistance zone provides another reference point for a more
On Tuesday, the USD/JPY currency exchange rate reached the resistance of the late January high at 115.70. The pair failed to reach above the level and started a decline. Afterwards, a drop occurred, which was stopped by the 50-hour simple moving average. Since early Wednesday's trading hours the pair was being supported by the SMA. In the meantime, the rate was