The USD/JPY currency pair has been testing the resistance level formed by the weekly R2 located at 108.13. If the given resistance holds, it is likely that bears could prevail in the market. Economic Calendar This week will end with the US Retail Sales data release at 12:30 GMT on Friday, September 13. Next week there will be only a couple
Yesterday, the USD/JPY currency pair reached the resistance level formed by the weekly R2 at 108.13. During Thursday morning, a reversal south occurred. Given, that the pair is supported by the 55- and 100-hour SMAs, the US Dollar could consolidate against the Japanese Yen in the short term. Economic Calendar This week there are couple of events that could move the USD/JPY
As expected, the USD/JPY retraced back down to 107.20 on Tuesday and resumed its surge. By the middle of Wednesday's London trading session, the currency exchange rate had reached the 107.80 level. Moreover, it had no technical resistance levels that could slow down the surge as high as 108.00. Economic Calendar This week there are couple of events that could move the USD/JPY
As it was speculated on Monday, the USD/JPY rate has reached the 107.50 level. After the event ther ate began a decline. In general, the rate was expected to consolidate by either trading sideways or declining down to the support of the 107.20 level. Economic Calendar This week there are couple of events that could move the USD/JPY pair. On Wednesday, September 11,
Since the middle of Friday's London trading hours, the USD/JPY has been pushed up by the 55-hour simple moving average. The SMA was expected to push the pair into another test of the resistance at 107.20. If this resistance level gets passed, the rate could surge up to 107.50. Economic Calendar This week there are couple of events that could move the USD/JPY
During Friday morning, the USD/JPY currency pair was testing the resistance level formed by the Fibonacci 23.60% retracement at 107.02. It is likely that the Greenback could trade sideways against the Japanese Yen. Economic Calendar Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. Due
During Thursday morning, the USD/JPY currency pair reversed south from the monthly PP at 106.70. It is unlikely that the pair could drop lower than the 106.00 mark due to the support of the 55-, 100- and 200-hour SMAs. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 100-hour moving average at 106.24. If the given resistance holds, it is likely that bears could prevail in the market in the short run. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the
Since Monday, the US Dollar has been consolidating against the Japanese Yen. If the support formed by the 100- and 200-hour moving averages hold, it is likely that the USD/JPY currency pair could maintain its consolidation in the short term.Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, at
During Monday morning, the US Dollar appreciated slightly against the Japanese Yen, as the USD/JPY currency pair is supported by the 55-, 100- and 200-hour SMAs.It is likely, that the exchange rate could continue to recover. Important level to look out for is the weekly PP at 106.70. Economic Calendar This week there are a couple of US data releases on the
During a second attempt, the USD/JPY managed to break the resistance of the 200-hour SMA and surge above the 106.60 level. On Friday, the rate was trading below a pivot point that is located at 106.54. The rate was consolidating and expecting the support of hourly simple moving averages, which were set to push the rate higher. Economic Calendar This week's data releases
The USD/JPY did not follow the previous forecast, as it broke the resistance of the 55 and 100-hour simple moving averages and two pivot points. The following surge has been testing the 106.20 level. At that level the 200-hour simple moving average was located throughout this week. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.
On Wednesday, the USD/JPY traded near the previous trading sessions levels. Namely, the pair traded flat between 105.70 and 105.80. In general, the rate was expected to decline as soon as the resistance of the 100-hour simple moving average approaches. 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
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