As expected, the USD/JPY reached the 108.00 level. Moreover, it reached slightly below it, where the decline found support in the freshly calculated monthly pivot point at 107.94. On Friday, the rate was trading with low volatility between the mentioned monthly pivot point and the resistance of a weekly PP at 108.04. FOMC Statement and Federal Funds Rate The Federal Reserve released
The US Federal Reserve Rate cut has caused a decline of the USD/JPY, which by the middle of Thursday's trading session had reached the 108.20 level. Moreover, the decline was expected to continue and reach the 108.00 level. Economic Calendar On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm Employment Change and
The USD/JPY rate traded sideways on Wednesday. The reason for the fluctuations in the range between 108.80 and 108.90 was the expectations of the US Federal Reserve Rate announcement scheduled for 18:00 GMT. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data
On Tuesday, the USD/JPY was finding support in the 108.85 level. Meanwhile, hourly simple moving averages were approaching from below, which indicated that a surge could be possible during the near future. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data will
On Monday, the USD/JPY traded in the range that it reached on Friday. Namely, the pair fluctuated between the 108.65 and 108.80 levels. Meanwhile, take into account that the 55-hour simple moving average had approached and the pair and started to provide support. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday,
On Thursday morning, the USD/JPY tested the upper boundary of the falling wedge pattern. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, data releases from the US will be on focus. On Tuesday, October 29, the US
On Thursday morning, the USD/JPY tried to surpass the psychological level at 108.70 . Given that the pair is supported by the 55-, 100- and 200-hour SMAs, some upside potential could prevail in the market. Economic Calendar This week there is only one event that could affect the USD/JPY pair. Today, the US Durable Goods Orders data will be published at 12:30 GMT. Read
On Wednesday, the USD/JPY was testing the resistance formed by 55-, 100- and 200-hour SMAs, as well the Fibo 38.20% and the weekly PP. If the given resistance cluster holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week there is only one event that could affect the USD/JPY pair. On Thursday, the US Durable Goods
On Tuesday, the USD/JPY was testing the support formed by the 55-hour moving average. If the given moving average holds, it is likely that the US Dollar could appreciate against the Japanese Yen in the short term. Economic Calendar This week there is only one event that could affect the USD/JPY pair. On Thursday, the US Durable Goods Orders data will be published at
On Monday, the USD/JPY was testing the resistance formed by the 55- and 100-hour moving averages. If the given resistance holds, it is likely that some downside potential could prevail. Economic Calendar This week there is only one event that could affect the USD/JPY pair. On Thursday, the US Durable Goods Orders data will be published at 12:30 GMT. Read More: 14.10-18.10 Event Historical
On Friday morning, the USD/JPY currency pair was consolidating the psychological level at 108.60. Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the market. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, there will be one data release, which might impact the
On Thursday, the USD/JPY currency pair was consolidating the psychological level at 108.80. Given that the pair is supported by the 55- and 100-hour moving averages, it is likely that some upside potential could prevail in the market. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, there will be one data release, which might impact
On Wednesday, the USD/JPY currency pair was testing the psychological level at 108.80. Given that the pair is supported by the 55-hour moving average, it is likely that some upside potential could prevail in the market. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to
On Tuesday, the USD/JPY pierced the support of the 55-hour simple moving average. The event signalled that a decline of the pair is possible. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. This week, there will be one data release, which
The rate reached the previously set target and even surged above it. Although, after reaching the high level of 108.60 the pair began a decline, which by the middle of Monday's trading session had reached the support of the 55-hour simple moving average at 108.05. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT.
The USD/JPY surged, as forecast on Thursday. On Friday morning, the rate was testing a resistance level at 108.13. At that level a pivot point was located at. If the rate could pass this level, it would face no technical resistance as high as 108.44 where a 38.20% Fibonacci retracement level was located at. Economic Calendar Today, the US Federal Reserve Meeting Minutes
Due to trade war news the USD/JPY fluctuated from 107.00 to 107.80 during midnight GMT hours between Wednesday and Thursday. On Thursday morning, the rate found support in the 200-hour SMA just below the 107.40 mark. In general, the rate was set to surge, as it was being approached by the technical support of the 55 and 100-hour simple moving averages. Economic
During Wednesday morning, the USD/JPY currency pair broke the upper boundary of the falling wedge pattern. Given that the pair is squeezed by 55-, 100- and 200-hour moving averages, it is likely that the US Dollar could consolidate against the US Dollar. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the
A decline of USD/JPY was occurring on Tuesday, as the rate pierced through hourly simple moving averages. In general, another test of the low level of 106.60 was expected. Economic Calendar On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. On Thursday, the US
On Monday, the USD/JPY rate was being pushed down by the resistance of the 55-hour SMA near 106.90. Future scenarios were built on assumptions of the SMA being either broken or holding. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In
As expected, the decline of the USD/JPY continues. On Thursday afternoon, the rate had touched the support of a weekly pivot point at 106.49. The drop was caused by the release of US ISM Non-Manufacturing PMI. Although, the pivot point managed to hold and the rate retraced back up to the levels just below the 107.00 mark, where it traded sideways
The decline of the USD/JPY continued, as it was indicated by the charts on Wednesday. Namely, the rate reached the 107.00 level just after midnight between Wednesday and Thursday in GMT hours. At the 107.00 level the rate found support in a 23.60% Fibonacci retracement level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data
The US ISM Manufacturing PMI caused a plummeting of the USD/JPY down to the 107.70 level. On Wednesday, technical charts indicated that the rate would continue to decline. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of the Institute for
The USD/JPY has reached a new high level. The 108.46 level, where a weekly pivot point is located at was touched on Tuesday morning. In general, a retracement down is expected to occur, which should be followed by a continuation of the surge up. Economic Calendar On Tuesday, the US ISM Manufacturing PMI is set to be released at 14:00 GMT. The event