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
The USD/JPY currency pair has been testing the resistance level formed by the weekly R2 located at 108.13. If the given resistance holds, it is likely that bears could prevail in the market. Economic Calendar This week will end with the US Retail Sales data release at 12:30 GMT on Friday, September 13. Next week there will be only a couple
Yesterday, the USD/JPY currency pair reached the resistance level formed by the weekly R2 at 108.13. During Thursday morning, a reversal south occurred. Given, that the pair is supported by the 55- and 100-hour SMAs, the US Dollar could consolidate against the Japanese Yen in the short term. Economic Calendar This week there are couple of events that could move the USD/JPY
As expected, the USD/JPY retraced back down to 107.20 on Tuesday and resumed its surge. By the middle of Wednesday's London trading session, the currency exchange rate had reached the 107.80 level. Moreover, it had no technical resistance levels that could slow down the surge as high as 108.00. Economic Calendar This week there are couple of events that could move the USD/JPY
As it was speculated on Monday, the USD/JPY rate has reached the 107.50 level. After the event ther ate began a decline. In general, the rate was expected to consolidate by either trading sideways or declining down to the support of the 107.20 level. Economic Calendar This week there are couple of events that could move the USD/JPY pair. On Wednesday, September 11,
Since the middle of Friday's London trading hours, the USD/JPY has been pushed up by the 55-hour simple moving average. The SMA was expected to push the pair into another test of the resistance at 107.20. If this resistance level gets passed, the rate could surge up to 107.50. Economic Calendar This week there are couple of events that could move the USD/JPY
During Friday morning, the USD/JPY currency pair was testing the resistance level formed by the Fibonacci 23.60% retracement at 107.02. It is likely that the Greenback could trade sideways against the Japanese Yen. Economic Calendar Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. Due