The USD/JPY has passed below the support of the weekly simple pivot point at 145.51 and the 145.50 mark. On Wednesday, it appeared that the pair was confirming the pivot point, round level and the 200-hour simple moving average as resistance. Economic Calendar On Friday, the top event of the week is set to take place, as the head of the Federal
The USD//JPY has been broadly trading between the support of the 145.00 mark and the 146.50 level since August 14. In general, both of these levels are surrounded by support and resistance zones. Namely, support is found at 144.90/145.15 and resistance is provided by the 146.30/146.55 range. On Tuesday, the pair bounced off the resistance zone and declined to find support
The channel up pattern had continued to guide the USD/JPY through resistance levels as far as 145.85. However, on Tuesday a decline occurred during which the lower trend line of the pattern was broken. By late trading hours of the day, the pair was finding support in the 144.90/145.10 range and the 50-hour simple moving average. Economic Calendar This week, watch out
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. On the USD/JPY charts there was an initial fake breaking of the channel up pattern, as the pair shortly traded below the trend
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. By mid-Wednesday, the rate had continued to test the resistance and the 142.70/143.10 range had turned into support. Economic Calendar Watch out
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the
The USD/JPY found support in the 141.50 level at midnight to Monday, despite passing below the 200-hour simple moving average. During the first half of Monday's trading, the Dollar was recovering against the Yen. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT. The inflation data will reveal whether the Fed is managing to fight inflation or not.
The rate has ended its decline, before reaching the 142.00 level. On Friday morning, the pair recovered and tested the combined resistance of the 50 and 100-hour simple moving averages and the 142.70/143.10 range. Economic Calendar On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US
The USD/JPY has continued to surge, despite slowing down. On Thursday, the currency pair passed above the 143.50 level, before retracing back down and looking for support. Economic Calendar On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US Average Hourly Earnings change, Non-Farm Employment Change
The USD/JPY has broken the resistance of the 143.00 mark. The rate had reached the 143.50 level by the second part of Tuesday's European trading. Economic Calendar On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the GBP pairs, but other financial instruments could adjust to the continuation of rate increases. On
The USD/JPY currency pair has reached the resistance of the 142.70/143.10 range. In addition, it is assumed that the weekly R1 is also acting as resistance. Meanwhile, mid-Monday, support was found in the 142.00 level. Economic Calendar This week, the rate could be impacted by the publication of the US ISM Manufacturing PMI and the JOLTS Job Openings on Tuesday at 14:00
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The weakness of the US Dollar
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the USD/JPY declined below the 141.00 and 140.50 levels. It appeared that it
The USD/JPY broke the ascending channel by remaining almost flat. The rate declined and found support in the combination of the 50-hour simple moving average and the 141.00 mark. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On
It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is
The USD/JPY decline continues. On July 7, the pair passed below the 143.00 level, signalling that the decline of the US Dollar is set to continue. The rate was expected to soon reach the support zone at 142.70/142.80. Economic Calendar On July 7, at 12:30 GMT, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate will be released by the
The support of the 200-hour SMA passed above the 144.00 mark, which weakened its hold. On Thursday morning, the 200-hour SMA at 144.20, the weekly simple pivot point at 144.08 and the 144.00 level all failed. The rate dipped below these levels, before retracing back up to confirm them as resistance. Economic Calendar On Thursday, watch out for the ADP Non-Farm Employment
In general, the pair remains between 144.00 and 145.00. In regards to updates, the pair ignores the 50 and 100-hour simple moving averages, the 144.50 level impacts the pair, the 144.00 level is being strengthened by the 200-hour SMA. Economic Calendar This week, the top event will be the FOMC Meeting Minutes publication on Wednesday at 18:00 GMT. The Meeting Minutes will
The USD/JPY surge has encountered resistance in the 145.00 mark and retraced below the 50 and 100-hour simple moving averages. The moving averages have guided the pair up since mid-June. However, support was being found in the 144.00 level. Economic Calendar This week, the top event will be the FOMC Meeting Minutes publication on Wednesday at 18:00 GMT. The Meeting Minutes will
The surge of the US Dollar against the Japanese Yen continues, as the USD gets stronger and the Yen loses value against peer currencies. The USD/JPY pair reached above the 144.50 mark and the weekly R1 simple pivot point at 144.63 at mid-Thursday due to the US GDP release. Economic Calendar On Friday, at 12:30 GMT, the US Core PCE Price Index
The USD/JPY has continued to trade near the 144.00 mark. However, on Wednesday the rate booked a new high at 144.25. Meanwhile, previous scenarios remain relevant. Economic Calendar On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the USD value. On Friday, at 12:30 GMT, the US Core PCE Price Index
Despite the Japanese government announcing measures to stop the decline of the Yen, on Tuesday the USD/JPY reached a new high level, as it reached 144.00. The surge was spotted to have been surging due to the support of the 50-hour simple moving average reaching the 143.50 mark. The combined strength caused a sharp surge. Economic Calendar On Thursday, the US Gross
The USD/JPY reached a new high level on Friday. On Monday, the pair was observed as descending in a consolidation, before most likely restarting its surge. The rate was looking for support in the combination of the 50-hour simple moving average, the weekly simple pivot point at 142.91 and the 143.00 mark. Economic Calendar This week, the pair could react to the
For the last couple of days the USD/JPY currency pair has been finding support in the 100-hour simple moving average. Economic Calendar The rate could be impacted by the publication of the US Manufacturing and Services PMIs at 13:45 GMT. Hourly Chart A continuation of the ongoing surge of the US Dollar against the Japanese Yen might stop at the 142.50 mark, the