The US Dollar ended the Tuesday's trading session with strong bullish momentum against the Japanese Yen.
By the end of Monday's trading session, the US Dollar extended it decline against the Japanese Yen. As a result, the pair breached the 200-hour simple moving average
The Easter Holiday was spent with mainly low volatility and narrow movement for the US Dollar against the Japanese Yen.
Following a reversal from the two-week high of 107.00 late on Wednesday, the US Dollar began weakening against the Yen once again.
Thursday has shown even more gains from the US Dollar's side, as the USD/JPY pair has booked new heights.
During the early hours of Wednesday's trading session the USD/JPY currency pair remained in the range reached on Tuesday.
On Tuesday morning the USD/JPY currency exchange rate continued to surge on Tuesday, as the pair reached above the 105.50 mark.
On Monday the US Dollar suddenly began a rebound against the monthly PP near the 104.70 mark against the Japanese Yen. However,
By the middle of Friday's trading the USD/JPY currency exchange rate had extended the decline, as the Buck continued to lose value.
The big event of the week has passed. He Federal Funds Rate announcement has caused an opposite effect to what theory would suggest.
The Buck has failed to breach the resistance against the Japanese Yen, which was mapped on Monday, as the long term descending trend line has held the ground.
The US Dollar has extended its gains against the Japanese Yen on Tuesday morning, as the currency exchange rate reached above the 106.50 mark.
The USD/JPY has continued lower on Monday until it suddenly moved to the upside.
After making an attempt to break the combined resistance of the hourly SMAs, the USD/JPY pair booked a new low level on Friday.
The recently discovered channel up pattern has been already broken. The reason was a fundamental one.
Tuesday saw a large increase of volatility in the USD/JPY currency exchange rate.
After a period of decline the USD/JPY currency exchange rate has resumed the surge and reached new high level.
The surge, which followed the breaking of the long term descending channel's upper trend line, has ended.
The assumption that the decline of the US Dollar against the Japanese Yen has ended has been confirmed by another event.
The US Dollar regained ground against the Japanese Yen on Thursday. Moreover,
The previously drawn pattern have held the ground. In addition, the patient traders
The US Dollar was recovering against the Japanese Yen on Tuesday. The reason for that was
In general, the USD/JPY pair has continued its decline. However, on Monday morning the rate traded sideways.
The short term patterns continue to be broken, as fundamentals dictate the rules on the currency pair's charts.