By the middle of Thursday's trading, the USD/JPY had reached the 112.00 level. Since the middle of Tuesday's flat trading, the pair had surged more than 2.25%. The reasons for the surge were two sided. The US Dollar was gaining strength, as the US Dollar index had reached a historical high level. In the meantime, the Yen was losing value due
The USD/JPY continued to ignore technical levels. After passing various support levels and trading below them, on Tuesday, the rate began a sharp surge. By the middle of Wednesday's GMT trading hours the rate had jumped above the 110.40 level. In general, the surge was caused by fundamentals associated with the coronavirus, as the Japanese Yen has been abandoned as a
As expected, on Monday, the USD/JPY reached for the 110.00 level, which it almost reached. The pair shortly traded above the 109.95 level before starting a decline. By the middle of Tuesday's London trading hours, the pair had dropped down to the 109.70 level. During the decline, the rate passed three hourly SMAs, the weekly PP and the lower trend line
On Monday, the USD/JPY was set to surge. The rate was expected to reach for the resistance of the 110.00 level, as it had passed technical resistance levels that were located from 109.80 top 109.85. In the near term future, the 110.00 was expected to provide psychological resistance. Economic Calendar This week, there is only one event that could influence the USD/JPY rate. On
The USD/JPY currency pair consolidated at 109.80. Given that the pair is squeezed by the 55-, 100- and 200-hour SMAs, it is likely that the pair could continue to consolidate. Economic Calendar Today, the US Retail Sales data will be out also at 13:30 GMT. This event has caused moves on the USD/JPY pairs since September 2019 from 8.7 to 25.4 base points. Next
The USD/JPY currency pair failed to surpass the psychological level at 110.00 once again. The pair tumbled to 109.70. Note that the currency pair could gain support of the 200-hour SMA and reverse north in the short term. Economic Calendar This week's event have been analysed. Today, the US CPI data sets are set to be published at 13:30 GMT. The USD/JPY has
The USD/JPY currency pair failed to surpass the psychological level at 110.00. Given that the rate is supported by the 55- and 100-hour SMAs, it is expected that another attempt to reach the 110.20 level is about to occur in the nearest future. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set to be published at
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has gained support of the 55- and 100-hour moving averages in the 109.80 area. In general, it was expected that another attempt to reach the 110.20 level was about to occur. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set to be published
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has been approached by the 55-hour SMA and it has made a dip below the 109.65 mark. In general, it was expected that another attempt to reach the 110.20 level was about to occur. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has been approached by the 55-hour SMA and it has made a dip below the 109.70 level. In general, it was expected that another attempt to pass the 110.20 level was about to occur. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT.
On Thursday, the USD/JPY traded sideways below the 110.00 level. The sideways trading was expected to continue until the rate is approached by the support of the 55-hour simple moving average. Meanwhile, it was possible that the rate could decline down to the SMA instead of waiting for it to move upwards. Economic Calendar This Friday, the US employment data sets are set
On Wednesday, the USD/JPY rate broke resistance levels near 109.60 and reached the 109.80 level. During the middle of the day's GMT trading hours, it was expected that the rate would test technical resistance levels that were located above 109.90. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT. Moves from 19.5 to 49.8 pips have
As the run to safety ended on Monday, the USD/JPY began to surge due to the Japanese Yen being sold off. By the middle of Tuesday's European trading hours, the currency exchange rate had broken various resistance levels and reached above the 109.00 level. Economic Calendar On some calendars, on Wednesday, the ADP Non-Farm Employment Change is shown as a high impact data
On Monday, the USD/JPY was testing resistance levels after reaching below the 108.40 level. In general, the currency exchange rate was expected to continue to decline. A decline could occur, as soon as the hourly simple moving averages catch up with the rate. Economic Calendar At 15:00 GMT the US ISM Manufacturing PMI could cause a move on the USD/JPY from 20.0 to
The squeeze of the USD/JPY between the 55 and 100-hour simple moving averages, as expected, resulted in a break out. The exchange rate broke out to the downside and reached the 108.60 level, exceeding expectations. By the middle of Friday's GMT trading hours, the pair was located between the resistance of the mentioned SMAs near 109.00 and the support of a
On Thursday, the USD/JPY once again retreated to the support of the 108.80 level, which has kept the rate up throughout this week. In the meantime, the pair has passed the support of a trend line, which was recently added by connecting the January low levels. Economic Calendar There are no more event scheduled for this week that might impact the USD/JPY currency
The rate ended trading sideways on Tuesday and slightly surged until it was squeezed in between the 55 and 100-hour simple moving averages at 109.03 and 109.18. In general, any squeeze ends with a break out. In this case it could result in a surge to 109.55 or a drop to 108.90. Economic Calendar On Wednesday, the US Federal Funds Rate is scheduled
On Tuesday, the USD/JPY traded sideways with high volatility, as it had also done on Monday. Meanwhile, the rate had been approached by the 55-hour simple moving average, which should provide resistance to the rate. Economic Calendar On Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT. This event has caused moves on the
During Monday morning, the USD/JPY currency pair was testing the support level formed by the weekly S1 and the monthly PP at 108.90. If the given level holds, it is likely that a reversal north could occur within the following trading session. Economic Calendar On Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT.
The decline of the USD/JPY stopped at the 109.27 level and began a retracement back up. The retracement reached the 55-hour simple moving average on Friday, which signaled that the rate is no longer oversold. In the meantime, Dukascopy Analytics spotted a channel down pattern, which has guided the rate since the middle of January. Namely, it starts with the sideways
By the middle of Thursday's London trading hours, the USD/JPY had hit the low level of 109.50. In addition, during the decline that has been occurring since the Bank of Japan announcement on Tuesday the pair has passed the lower trend line of a channel up pattern. Japanese Yen Appreciated on Raised Growth Forecast On Tuesday, January 21, the Japanese
The decline of the USD/JPY that was caused by the Bank of Japan continued after retracing back up to the resistance of the 55 and 100-hour SMAs. Eventually, a low level was reached at 109.80, from where another surge started. By the middle of Wednesday's trading, the surge had stopped, as the rate was being squeezed in between hourly simple moving
The squeeze of the rate between the 55-hour SMA and a pivot point ended, as the Bank of Japan released a monetary policy announcement. The announcement caused a break out of the USD/JPY down by strengthening the value of the Japanese Yen. By the middle of the day, the rate had recovered by finding support in the 200-hour SMA. Economic Calendar The week's
The resistance of the 110.25 levels held on Friday. It caused a decline down to the 110.00 level, where the rate found psychological support from the round exchange rate level and the 55-hour simple moving average. By the middle of Monday's trading, the rate was being pushed up by the 55-hour SMA into the resistance of the 110.20 level. In general,