The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
During the second part of Wednesday's trading, the USD/JPY failed to reach the 137.45/137.70 range, as it bounced off the 137.20 level and started a decline. On Thursday morning, the pair was located near the 136.50 level. In general, the situation remains unchanged, as the markets expect news from the central banker symposium in Jackson Hole Wyoming. Economic Calendar On Thursday, at 12:30
The fundamental drop of the US Dollar on Tuesday resulted in the USD/JPY currency exchange rate declining to the 136.00 level. Afterwards, a failed recovery found resistance in the 137.00 mark. During Wednesday's European morning hours, the currency pair had returned to the 136.00 level. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause
The USD/JPY currency exchange rate has ended trading around the 137.00 mark by surging above the 137.50 level. In the meantime, on Tuesday morning, the pair was reached from below by the support of the 50-hour simple moving average. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US
Since the middle of Friday's trading, the USD/JPY has been fluctuating around the 137.00 mark in the range between 136.70 and 137.40. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a
At mid-Wednesday the USD/JPY currency pair reached above the 135.00 mark and the upper trend line of the channel up pattern. Almost immediately after the event, the pair approached the combined resistance of the 134.35/134.55 zone and the weekly R1 simple pivot point at 135.40. In the meantime, the pair was set to be moved by the US FOMC Meeting Minutes
On Tuesday morning, the US Dollar manged to pass the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 133.57 against the Japanese Yen. By the start of the days US trading, the pair had reached above the 134.50 level and the 134.35/134.55 zone. In the meantime, it was spotted that the rate's
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the rate through the value of the
This week, the USD/JPY pair is trading around 135.00, as it awaits the release of the US Consumer Price Index on Wednesday and the Producers Price Index on Thursday. Resistance is found in a zone at 135.50 and support is provided by the 134.50 level. Economic Calendar This week, the top event for all markets will be the US Consumer Price Index
In the aftermath of the US Dollar's surge, which was caused by the US employment data release, the USD/JPY found resistance in the 135.50 level. The resistance held and caused a decline. On Monday, the pair found support in the 134.50 level and a zone, which surrounds it. Economic Calendar This week, the top event for all markets will be the US
The Thursday's decline of the US Dollar against the Japanese Yen found ended at midnight below the 133.00 level. During the early hours of Friday's trading, the pair recovered and approached the combined resistance of the 133.50 level and the 50-hour simple moving average. Economic Calendar On Friday, one of the top events of the month will take place. At 12:30 GMT,
Since Wednesday's afternoon up to the middle of Thursday's trading, the USD/JPY currency pair was testing the resistance of the 134.50 mark and the weekly simple pivot point at 134.39. By 13:00 GMT, the rate was reached by the 200-hour simple moving average, which acted as resistance. The event was followed by a decline, which pierced the support of the
On Tuesday afternoon, the USD/JPY currency rate ended trading between 130.50 and 131.00 with a surge. During Wednesday's early trading hours, the pair was fluctuating between the 132.50 and 134.00 levels. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Friday, one of the top events of
The decline of USD/JPY continues, as on Tuesday morning the pair had reached the 130.50 mark. During the first half of the day's European trading hours, the currency pair was fluctuating between the 130.50 and 131.00 levels. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Friday,
The decline of the USD/JPY has continued, as the 134.50 level provided enough resistance for the pair to resume its decline and reach a new low level. Namely, on Monday morning the rate was trading below 132.50 and was expected to reach 132.00.Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value
The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the
On Wednesday, the value of the US Dollar plummeted despite the US Federal Funds Rate hike. The decline occurred due to comments made by the head of the Federal Reserve that they could ease the future policy of rate hikes. Due to that reason, the USD adjusted to the possible future of a smaller demand for the US currency. On the
The USD/JPY currency rate's recovery has revealed to have been occurring in a narrow channel up pattern. Meanwhile, the pair has shortly pierced the resistance of the 137.00 mark. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on the size of the hike, the US Dollar is
During the second half of Monday's European trading hours, the USD/JPY currency exchange rate eventually managed to reach above the 136.50 level. Afterwards, the pair paused at the combination of the weekly simple pivot point and the 50-hour simple moving average near 136.80. During Tuesday's early trading, the pair fluctuated in the 136.30/136.80 range, as it appeared to be trading
The USD/JPY currency pair has declined below the support of the 136.50 mark. Moreover, the rate has shortly traded below 136.00. On Monday morning, the pair retraced back up and was testing the 136.50 level as resistance. Economic Calendar This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to
On Thursday, the US Dollar failed to reach the resistance of the 139.00 mark. At mid-day, the pair started a decline, which by midnight had reached the 137.00 level. The 137.00 level acted as support and caused a surge. During the early hours of Friday's trading, the pair had reached a cluster of resistance levels at 138.00. The cluster was
During the early hours of Thursday's European trading, the USD/JPY currency pair reached above the 138.50 mark, as it continued its recovery that was started on Tuesday. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. Hourly Chart The
The USD/JPY eventually passed below the support zone at 137.70/137.90. However, support was almost immediately found in the combination of the 137.50 level and the 200-hour simple moving average. The event resulted in a recovery above 138.00. During the early hours of Wednesday's trading hours, the pair was fluctuating between the weekly simple pivot point at 137.90 and the resistance of
On Tuesday morning, the USD/JPY currency exchange rate was looking for support in the 137.70/137.90 zone. The rate had been testing the zone since early Monday's trading. Due to that reason, the future forecast scenarios remained unchanged. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted