On Friday, the USD/JPY tested the resistance provided by the 100-hour moving average near 107.50. During Monday morning hours, the pair continued to test the given resistance. If the given moving average holds, it is likely that some downside potential could prevail. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases
The ongoing large decline of the USD/JPY stopped at midnight, when the rate reversed and began a recovery. By the middle of Friday's GMT trading hours, the rate had reached back up to the 107.60 level, where it met with the resistance of the 100-hour simple moving average. Economic Calendar In regards to the USD/JPY during next week, there are a
The decline of the USD/JPY has continued. On Thursday, the pair started to test the support of a 38.20% Fibonacci retracement level at the 106.86 level. In the meantime, take into account that the FOMC announcements on Wednesday did not cause a large increase of volatility, as it did on the EUR/USD charts. Economic Calendar Economic calendars show the US PPI and
On Wednesday morning, the decline of the USD/JPY reached the monthly simple pivot point at 107.30. Future forecasts were based upon what would happen at the pivot point. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to make a rate announcement and FOMC Statement. Prior to that, a minor reaction could be caused by the US CPI at 12:30 GMT. In
The decline of the USD/JPY currency exchange rate has continued, as by the middle of Tuesday's GMT trading hours the rate had touched the 107.80 mark. In regards to the near term future, it appeared on Tuesday that the rate could consolidate and afterwards resume the decline. Economic Calendar During the week, the action on the economic calendars will start and most
The surge of the USD/JPY ended at the resistance of a 61.80% Fibonacci retracement level at the 109.83 level. This technical level caused a decline. By the middle of Monday's GMT trading hours, the decline had passed support levels near 109.30 and was expected to reach for the 109.00 mark. Economic Calendar During the week, the action on the economic calendars will
At mid-day on Friday, the USD/JPY pierced the resistance of a pivot point at 109.43. Afterwards, it had no resistance as high as the 61.80% Fibonacci retracement level at 109.83. In regards to the aftermath of reaching the Fibo, the rate could trade sideways or reach for the simple pivot point at 110.76. Economic Calendar The week will end with the US
Eventually, the 108.80 mark did not hold, and the USD/JPY reached above the 109.00 exchange rate level. Moreover, the pair had begun to use the 108.80 level as a support. In regards to the near term future, the rate could extend its gains, as soon as the 55-hour SMA catches up with it. Economic Calendar The week will end with the US
Instead of consolidating its gains, the USD/JPY continued to surge higher on Tuesday. The surge continued until the rate approached the resistance of the 108.80 mark. By the middle of Wednesday's GMT trading hours, the pair was testing the 108.80 mark, which continued to hold. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm
On Tuesday, the USD/JPY jumped, as it almost reached the 108.50 mark. The surge was expected on Monday, when the rate broke the resistance of three SMAs and a pivot point. In theory, the rate should consolidate its gains by trading between the 50.00% Fibo at 108.35 and the pivot point at 108.51. Economic Calendar On Wednesday, June 3, two macroeconomic events
On Friday, the USD/JPY traded with high volatility, as it dropped below the 107.20 level and afterwards recovered to 107.80. In regards to the near term future, the pair had passed the resistance of hourly SMAs and a weekly pivot point at 107.64. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the
During Friday morning, the USD/JPY currency pair breached the short-term ascending channel south and dropped to the weekly S1 at 107.12. It is likely that the pair could consolidate near the given support in the short run. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will
Yesterday, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail, as the pair should reach the lower channel line. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data
The USD/JPY currency pair revealed a short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data
Despite having no resistance, the USD/JPY currency pair failed to exceed 107.90. On Tuesday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly and monthly PPs. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
Despite having no resistance, the USD/JPY currency pair managed to raise to 107.70. On Monday morning, the pair consolidated at the given level. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data sets on their own can
Despite having no resistance, the USD/JPY did not surge on Thursday. Instead, it retreated to the lower trend line of a rising wedge pattern, which eventually was broken. On Friday morning, the rate had bounced off the support of the 200-hour SMA below 107.40 and traded near 107.50. Economic Calendar Next week, there is one notable time to watch the economic calendar.
On Wednesday, the USD/JPY reversed its direction at the combined support of the 100-hour SMA and the lower trend line of a wedge pattern near 107.40. By the middle of Thursday's GMT trading hours, the pair had surged and passed three technical resistance levels. Moreover, the rate had no more resistance as high as 108.00. Economic Calendar Markit is going to publish
The USD/JPY reached the 108.00 mark, which held its ground and caused a decline of the pair. In fact, the pair made two attempts to pass the 108.00 level and failed. By mid-day GMT trading hours on Wednesday, the rate had declined to the support of the 55-hour simple moving average at the 107.55 level. Economic Calendar Markit is going to publish
At mid-day on Tuesday, the USD/JPY pierced the last resistance levels before the 108.00 mark. The rate was expected to surge up to that level. However, the rate is overbought, as indicated by the far below the rate left hourly simple moving averages. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
On Monday, the USD/JPY currency exchange rate found support in the combination of 55 and 100-hour simple moving averages. During the second half of the day's trading, the pair was expected to reach for the monthly pivot point at 107.65. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.17.05-23.05
The USD/JPY currency pair revealed a rising wedge pattern. From a theoretical perspective, it is likely that the pair could reverse north from the pattern lower line in the nearest future. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21,
Some downside potential has been prevailing in the market since Monday. During Thursday morning, the USD/JPY currency pair was testing the support formed by the Fibo 38.20% and the 200-hour SMA. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US Retail Sales on
Yesterday, the USD/JPY currency pair declined below the 107.40 level. The pair could gain support from the 100-hour SMA and the Fibo 38.20% and reverse north in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US PPI on Wednesday and