The recovery of USD/JPY was ended by technical resistance levels below the 106.40 level. On Tuesday morning, the rate was testing the resistance of pivot points and the 55-hour simple moving average at 105.85. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on USD/JPY charts from 2.8 to 19.4
The USD/JPY has plummeted as a run to safety has been caused by trade wars and a stock decline in the US. Although, the rate was recovering on Monday morning. Economic Calendar On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. Although this event is marked as high impact on most economic calendars,
On Friday morning, Dukascopy analysts spotted an ascending channel pattern on the hourly candle chart. In accordance with the pattern, the resistance provided this week by the 106.70 level should be broken. Meanwhile, take into account that the rate is most likely going to fluctuate sideways until the speech of the Chairman of the Federal Reserve at 14:00 GMT. Economic Calendar There are
During Thursday's London morning trading hours, the USD/JPY declined below the 55 and 100-hour simple moving averages. Due to that event the rate had no technical support as low as the weekly pivot point and the 200-hour simple moving average at 106.15. Economic Calendar There are no more data releases or other events scheduled this week that might impact the USD/JPY currency
On Wednesday, the USD/JPY bounced off the resistance of the 106.60 level and declined below the 106.50 mark. In general, the decline could reach down to the 100-hour simple moving average, which on Friday was providing support at 106.35. Economic Calendar This week, the US FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. This publication has caused adjustments of
During Tuesday morning, the USD/JPY currency pair was testing the support formed by the 55- and 100-hour SMAs, located circa 106.30.If the given support holds, it is likely, that bulls could prevail in the market within the following trading session. Economic calendar This week, the US FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. This publication has caused
On Monday morning, the USD/JPY currency pair was testing the resistance level formed by the monthly S2 at the 106.54. Given, that the currency pair is supported by the 55-, 100- and 200-hour SMAs, it is likely, that some upside potential could prevail.Economic calendar This week, the US FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. This publication
On Friday morning, the USD/JPY traded above the support cluster that was located from 106.10 down to 105.87. In general, the rate was expected to surge up to the pivot point at 106.54, which will provide resistance. No more data this week. This week's data releases are over. Nothing that might impact the USD/JPY is scheduled to be published. Next week, the US FOMC
As forecast, the rate's decline reached the 106.00 level on Wednesday. The event was followed by sideways trading between technical levels and another sudden jump on Thursday morning. Since the jump the rate was declining and by the middle of Wednesday's trading session the rate was about to reach technical support levels at 106.00. US Retail Sales in focus On Thursday, the US
Donald Trump cancelled upcoming trade tariffs, and the USD/JPY jumped from 105.20 to 107.00. Since the jump the rate was declining and by the middle of Wednesday's trading session the rate was about to reach technical support levels at 106.00. US Retail Sales in focus There are no data releases that might impact USD/JPY scheduled for Wednesday. On Thursday, the US Retail Sales are
The fall of the USD/JPY reached the 105.06 level, where a reversal started on Monday. The reversal was ended by the resistance of the 55-hour simple moving average on Tuesday morning. The simple moving average caused a decline, which by the middle of Tuesday's trading session was back down at the 105.10 level. In general, the rate was still expected
The USD/JPY began the week by declining. The fall as caused by a run to safety, which created a surge of the value of the Japanese Yen. By the middle of the day, the rate was expected to reach the 105.00 level. US CPI and Retail Sales in focus During this week there are a couple of government macroeconomic data releases, which might
By the middle of Friday's London trading session, the USD/JPY remained below the resistance of the 55 and 100-hour simple moving averages, which were located above the 106.00 mark. Meanwhile, note that it could be observed that the rate is being supported by the psychological support of the 105.80 level. No data for USD/JPY this week During this week there will be no
The USD/JPY has retested the lower trend line of the pattern of the hourly candle chart. By dropping down to it and surging back up during Wednesday's trading. On Thursday, the rate traded just below the 55 and 100-hour simple moving averages. In general, the rate was about to test the resistance of these levels. Latest Fundamental Event Report Institute for Supply Management
On Wednesday morning, the USD/JPY bounced off the psychological support of the 106.00 level and reached above the 55-hour simple moving average, which began to support the pair. In general, the rate is expected to trade sideways until the 100-hour simple moving average approaches from above. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out
During today's morning, the USD/JPY currency pair started to test the resistance formed by the monthly S2 and the 55-hour SMA at 106.54. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee
The decline of the USD/JPY has reached below the 107.00 level. The rate has fallen far below the initially expected level of 108.40. On Friday, the decline was being slowed down by the support of a weekly pivot point, which next week will be moved, as the week will end. Due to that reason, most likely the monthly S2 at 106.54
As the Chairman of the Federal Reserve announced that there most likely will be no more rate cuts this year, the USD surged. On the USD/JPY charts the currency exchange rate touched 109.30 level before declining. By the middle of the day, the retracement downwards had dropped below a weekly pivot point and had no technical support as low as 108.70. US
The USD/JPY currency exchange on Wednesday remained above the technical support cluster, which was located above the 108.40 level. On Wednesday morning, the rate began to trade sideways between 108.50 and 108.60, as it was expected to remain stable until the Federal Reserve Interest Rate announcement at 18:00 GMT. Federal Reserve at 18:00 GMT This week top attention will be paid to the
On Tuesday, USD/JPY bounced off a monthly pivot point at 108.90 and began a decline down to a cluster of technical support levels located from 108.40 to 108.50. In general, the rate had two possible scenarios that were based on what will happen at the support cluster. US Advance GDP data release on focus This week top attention will be paid to
Yesterday, the USD/JPY currency pair jumped to the psychological level at 108.70.During Friday's morning, the pair was trading at the given level. It is likely, that bulls could continue to prevail in market. US Advance GDP data release on focus This week will end with the US Advance GDP data release on Friday at 12:30 GMT. Last data release caused a 23-pip
On Thursday, the USD/JPY was declining to the support of an ascending channel pattern. Meanwhile, on a larger scale the currency exchange rate has traded sideways. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move. The week will end with the US Advance
The USD/JPY was plummeting on Wednesday, as by the middle of the day's trading session the currency exchange rate had reached the 108.00 level. At that level the rate met with the technical support of the 200-hour simple moving average, which caused a pause of the decline. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will
During today's morning, the USD/JPY currency pair jumped to the psychological level at 108.20. It is likely, that some upside potential could prevail in the market in the short term. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will end