The surge that was caused by the future inflation forecast changes of the Bank of Japan eventually resulted in a USD/JPY 233 pip move or a surge of 1.56%. A new 2023 high level was reached and tested two times at 151.70. Afterwards, the US Dollar began to consolidate its gains near 151.50, as the US Federal Reserve revealed its
Forget about technical analysis for now. The Bank of Japan has revealed its policy stance and it is impacting the USD/JPY through the value expectations for the Japanese Yen. In general, the central bank has caused the rate to reach a new 2023 high. The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going
On Monday, news that the Bank of Japan might change its policy on the Japanese Yen has caused a drop of the USD/JPY. From a technical analysis perspective, the rate has passed below the support range at 149.30/149.45. Eventually, the rate found support in the 148.80 level. Economic Calendar This week most events will be ignored due to a simple reason. The
The USD/JPY has continued to surge, despite reaching above the 150.00 mark. However, it appears that another intervention has occurred. As the pair approached the 150.80 mark on Thursday, it suddenly dipped below 150.00, before returning to trade near 150.50. By mid-Friday, the rate had declined back to the 150.00 mark. Economic Calendar On Friday, the US Core PCE Price Index data
The USD/JPY currency pair has once again reached the 150.00 mark. At this level the markets expect the Bank of Japan to intervene in the forex market and strengthen the Japanese Yen. Economic Calendar On Tuesday, at 13:45 GMT, the US PMIs will be published and are expected to impact the US Dollar. On Wednesday, at 20:35 GMT, the head of the Federal
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. Economic Calendar On Thursday, the US weekly Unemployment claims
The USD/JPY currency exchange rate has reached above the 148.50/149.00 range. The previous resistance appears to have turned into support. However, the 149.80 level has acted as resistance, before the pair has hit the 150.00 mark. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could
The USD/JPY has narrowed its sideways trading range to 148.50/149.00. Technical levels continue to be ignored. Support below 148.50 is found at 148.15/148.30. Resistance above 149.00 is located at 149.30/149.50. Economic Calendar On Thursday, at 12:30 GMT, the US Dollar will react to the combination of the US Consumer Price Index and the weekly Unemployment Claims data. Markets will be looking at
Since the bounce off from the 150 mark, the USD/JPY has been trading between two zones. Support is found at 148.15/148.30. Resistance is located at 149.30/149.50. Meanwhile, it appears that the rate is ignoring the simple moving averages and the weekly simple pivot point.Economic Calendar Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set
Despite the US Dollar moving due to the publication of monthly US employment data and the war in Israel, the USD/JPY has not reacted. Namely, in theory the supposed safe haven currency, the Japanese Yen, should have decline due to the US employment, but strengthened at the start of the conflict in the Middle East. Instead, the Yen slightly reacted
The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level. Economic Calendar On Friday, the top event of
In the aftermath of the Monday's drop, the USD/JPY appears to have stabilized in the 148.75/149.30 range. Namely, the pair trades around 149.00. Meanwhile, the Bank of Japan has not confirmed involvement in the currency market. Moreover, the Finance Ministry has refused to comment on the move. Economic Calendar On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the
The USD/JPY reached the 150.00 mark at mid-day on Tuesday. The 150.00 level is where the markets expected the Bank of Japan to intervene and beat the rate down. As soon as the rate pierced the 150.00 mark a massive sell off started. It is unclear whether it was caused by market participants or the Japanese Central Bank. Economic Calendar On Wednesday,
The resistance of the 149.50 level eventually was enough for the USD/JPY to cause a sharp decline. The decline eventually reached the 148.50 level and the 200-hour simple moving average. The support was enough to cause a recovery to the 100-hour SMA and the 149.00 level. Economic Calendar This Friday, all attention will be on the US Core PCE Price Index release
The USD/JPY has surged more than expected. Moreover, the pair has broken the channel up pattern's resistance line. On Wednesday, the rate encountered resistance at 149.70, before starting a retracement down. On Thursday, the currency exchange rate was finding support in the weekly R2 at 149.18 and the 50-hour simple moving average. Economic Calendar On Friday, all attention will be on the
The USD/JPY consolidated above the 148.80 level and the weekly R1, as it was approached by the support of the 50-hour simple moving average. The SMA managed to push the rate higher and through the weekly R2 simple pivot point's resistance at 149.18. Note that the pivot point might have failed due to the consolidation and the fact that the
On Tuesday, the USD/JPY hit the combined resistance of the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. The resistance caused a retracement down to the support of the weekly R1 at 148.76. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Hourly Chart Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point
The USD/JPY passed below 147.00 and almost reached the 146.50 level, before starting a recovery. By mid-Friday, the currency pair had almost reached the 147.50 level and the weekly R1 simple pivot point. Economic Calendar This week, notable events are over. Due to this reason, the current momentum might remain intact. Hourly Chart A move above 147.50 and the weekly R1 simple pivot
The USD/JPY currency pair has been bouncing off the 147.80/147.88 range. The zone has been marked on the hourly candle chart as resistance. Meanwhile, on Thursday, support was found at 147.23/147.36. Economic Calendar This week, notable events are over. Due to this reason, the current momentum might remain intact. Hourly Chart A move above 147.88 is expected to almost immediately face resistance in
The surge of the US Dollar continues. The USD/JPY currency exchange rate reached above the 147.50 mark and the weekly R1 simple pivot point at mid-day on Tuesday. The two levels appeared to have become support to a potential resumption of the broader surge. Economic Calendar Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. Economic Calendar Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. Hourly Chart If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of the
The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US