On Thursday, the USD/JPY surged up to the 111.00 mark. Although, the currency exchange rate remained in the descending pattern that has guided the rate during August.
Due to the resistance provided by the various simple moving averages of the hourly chart, the dominant ascending channel pattern's lower trend line was broken on Wednesday.
USD/JPY fluctuates slightly above the senior channel for the second consecutive session.
The USD/JPY reveals new junior descending channel pattern on Monday.
On Friday morning the USD/JPY currency exchange rate remained near previous levels.
As it was expected previously, the USD/JPY currency rate did retreat and trade sideways after the massive surge that occurred during the last two trading sessions.
The surge of the US Dollar against the Japanese Yen is continuing. The surge is also occurring faster than it was initially expected.
As it was expected, the USD/JPY currency exchange rate increased its volatility on Tuesday and surged.
The US Dollar has continued to trade near the 111.00 mark. However, on the daily chart
The USD/JPY currency exchange rate was stranded between SMAs during the morning hours of Friday's session.
The 55-hour simple moving average is likely to guide the pair in this session.
The monthly resistance level at 111.20 pressurizes the USD/JPY currency pair downwards on Tuesday.
The fresh weekly S1 has managed to provide enough support to push the currency exchange rate higher.
A breakout from 112.10 should be the beginning of another decline.
The US Dollar bounces off the 55-hour SMA with a surge early on Thursday.
The rather weak junior ascending pattern of the USD/JPY remains in force. Namely, the rate continues to surge on Friday,
The US Dollar has skyrocketed against the Japanese Yen,
There was a large increase of volatility on the USD/JPY. However,
The US Dollar has fallen against the Japanese Yen more than it was expected.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
The surge of the USD/JPY has ended.
The surge of the US Dollar against the Japanese Yen continued on Tuesday, as a new high level was reached.
On Monday, the USD/JPY currency exchange rate had retreated after booking a new high level.