As the Chairman of the Federal Reserve announced that there most likely will be no more rate cuts this year, the USD surged. On the USD/JPY charts the currency exchange rate touched 109.30 level before declining. By the middle of the day, the retracement downwards had dropped below a weekly pivot point and had no technical support as low as 108.70. US
The USD/JPY currency exchange on Wednesday remained above the technical support cluster, which was located above the 108.40 level. On Wednesday morning, the rate began to trade sideways between 108.50 and 108.60, as it was expected to remain stable until the Federal Reserve Interest Rate announcement at 18:00 GMT. Federal Reserve at 18:00 GMT This week top attention will be paid to the
On Tuesday, USD/JPY bounced off a monthly pivot point at 108.90 and began a decline down to a cluster of technical support levels located from 108.40 to 108.50. In general, the rate had two possible scenarios that were based on what will happen at the support cluster. US Advance GDP data release on focus This week top attention will be paid to
Yesterday, the USD/JPY currency pair jumped to the psychological level at 108.70.During Friday's morning, the pair was trading at the given level. It is likely, that bulls could continue to prevail in market. US Advance GDP data release on focus This week will end with the US Advance GDP data release on Friday at 12:30 GMT. Last data release caused a 23-pip
On Thursday, the USD/JPY was declining to the support of an ascending channel pattern. Meanwhile, on a larger scale the currency exchange rate has traded sideways. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move. The week will end with the US Advance
The USD/JPY was plummeting on Wednesday, as by the middle of the day's trading session the currency exchange rate had reached the 108.00 level. At that level the rate met with the technical support of the 200-hour simple moving average, which caused a pause of the decline. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will
During today's morning, the USD/JPY currency pair jumped to the psychological level at 108.20. It is likely, that some upside potential could prevail in the market in the short term. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will end
During today's morning, the USD/JPY currency pair was testing the support cluster formed by the 55– and 100-hour SMAs, as well the weekly and monthly PP in the 107.72/107.91 range. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will
The US Federal Reserve announced on Thursday another confirmation that most likely an interest rate cut will be done in the near future. This event caused a drop of the USD/JPY, which pierced our descending channel pattern that was capturing the decline of July. On Friday morning, the currency exchange rate was recovering and aiming to reach back up to the
The USD/JPY has dropped down below the 107.80 level. The rate passed all of the hourly simple moving averages during the move. In general, the rate is expected to continue to decline. Moreover, a new descending channel pattern has been added to the hourly candle chart. No more data this week The USD/JPY this week was affected only by one macroeconomic data release.
The USD/JPY has ended trading sideways above the 107.80 level. The pair did it by surging above the resistance of the 55 and 100-hour simple moving averages in a sharp move. By the middle of Wednesday's trading session the exchange rate was fluctuating above the 108.20 level, located between the weekly pivot point and the 200-hour simple moving average. Latest Fundamental Event
On Tuesday, the USD/JPY remained above the support levels near 107.80. In general, the rate was expected to be squeezed in between the mentioned support level and the resistance of the 55 and 100-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
USD/JPY was trading above the 107.80 level since the middle of Friday's London trading session. It was expected that the rate will continue its decline as soon as the hourly simple moving averages approach it from above. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic
A surge up to the 108.60 level occurred on Thursday. It was followed by a decline back down to the 200-hour simple moving average, which was located at 108.28. In general, the rate was about to get squeezed in between the 55 and 200-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data , where
The sideways trading of the USD/JPY ended at midday on Wednesday. It ended with a crash down to the 108.50 level. Afterwards, the bearish pressure remained, as the rate resumed to decline a couple of hours later. On Thursday the rate had found support in a previously broken trend line and pivot points near 107.85. The following surge had reached resistance
On Wednesday, the USD/JPY traded in limbo around the weekly R1 at 108.91. In general, the rate was still waiting for the technical support of the 55-hour simple moving average to push it higher to the pivot point at 109.32. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of
The USD/JPY surged, as expected after the breaking of the resistance line on the hourly chart. Namely, the rate reached 108.90 at midnight. At that level the rate met with the resistance of the weekly R2. If this technical level gets broken, the rate would surge up to the 109.32 level, where the weekly R2 is located at. Latest Fundamental Event Report US
On Monday, the USD/JPY dipped down and resumed its surge by the middle of the day's trading. During the move patterns were being broken. In general, due to the breaking of resisting trend lines the rate was expected to surge. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of
During Friday's morning, the USD/JPY currency pair jumped to the psychological level at 108.00. It is likely, that the pair could re-test the upper boundary of the medium-term descending channel. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According to the official release:
During Thursday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA at 107.76. If the given support holds, some upside potential could prevail in the market in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Wednesday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA and the weekly PP at 107.63. Given that the pair is pressured by the monthly PP at 107.84, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI
On Tuesday morning the USD/JPY continued to trade below the technical resistance levels that were located just below the 108.50 level. Although, the rate might finally pass these levels, as the technical support of the 55 and 100-hour simple moving averages was approaching the pair from below. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI data ,
As most pairs on Monday, the USD/JPY had jumped. The event occurred due to the US and China resuming trade talks. The event both caused a surge of the USD and a general drop of the JPY. Namely, value went into risk on assets and currencies through the USD from the JPY. Latest Fundamental Event Report Bureau of Economic Analysis released the US
During Friday's morning, the USD/JPY was testing the support level formed by the 55- and 200-hour SMAs, as well the weekly PP at 107.70. If the given support level holds, it is expected, that a reversal north could occur. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According