The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support. Economic Calendar On Tuesday, the CB Consumer Confidence index might impact the markets via an adjustment of the US Dollar's value at
After the US Fed rate cut, the pair surged above the 142.00 mark, but found resistance in the 143.45/143.80 zone. Meanwhile, support is being provided by the combination of the 50 and 200-hour simple moving averages and the 141.70/142.00 range. Economic Calendar On Friday, watch the Japanese Yen during the Asian session. The Bank of Japan is expected to announce its monetary
The USD/JPY has declined more than expected, as the rate has broken the broad channel down pattern. However, on Monday, the pair appeared to have found support near the 139.50 level. The follow-up recovery has encountered resistance in the prior 2023 low level at 140.80 and the 50-hour simple moving average. Economic Calendar This week, the top event of them all is
On Wednesday, the USD/JPY currency pair pierced the lower trend line of the broad channel down pattern. However, the pair immediately found support in the 2024 low level at 140.80. The low level provided enough support for the rate to return to trade between the 142.00 and 143.00 levels. Economic Calendar This week's notable events are over. USD/JPY hourly chart analysis In the case
The US Dollar has found support against the Japanese Yen in the August low level. However, more notable is the fact that the reversal from this zone has confirmed the existence of a large scale channel down pattern. This week, the pair was encountering resistance in the 143.50/143.75 range and the 100-hour simple moving average, together with the weekly simple
The channel up pattern failed to hold. The USD/JPY currency pair has declined and revealed a channel down pattern. By mid-Thursday, the rate had reached below the 143.50 level. Economic Calendar On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move. However, the top employment data publication of them all will happen on Friday. At 12:30 GMT,
The recovery of the US Dollar against the Japanese Yen has reached the combined resistance of the upper trend line of the channel up pattern, the weekly R1 simple pivot point and the 147.00 mark. In general, the pair could now go anywhere in the borders in the borders of the pattern. Economic Calendar Notable events start on Tuesday. At 14:00 GMT,
The USD/JPY pair has managed to breach the resistance of the 145.00 level. In addition, after the first pass above 145.00, the rate retraced back down and revealed the location of a channel up pattern's support range. Economic Calendar Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact
Since Monday, the USD/JPY pair has been consolidating by trading sideways between the support of the 143.50 level and the 145.00 level's resistance. In general, the situation has not changed since Monday, besides the fact that the 50 and 100-hour simple moving averages appear to have minor to no impact on the pair. Economic Calendar On Thursday, the US Preliminary GDP data
The comments made by the head of the US Federal Reserve caused a decline of the US Dollar against other currencies. On the USD/JPY charts, it was consisted with a bounce off from the 146.00/146.50 range. By mid-Monday, the decline had found support in the 143.50 level. Economic Calendar This week, the markets might move due to various publications. On Tuesday, at
Despite reaching above the 146.00/146.50 range, the rate did not extend its recovery far. The surge stopped and reversed near the resistance of the 50, 100 and 200-hour simple moving average. Eventually, the decline reached the support of the 145.00 mark, which reversed the decline. By mid-Wednesday, the pair was once again testing the 146.00/146.50 zone. In general, prior support
As the market started the week's trading, the Yen strengthened during the Asian trading hours. By the time Europe woke up, the move had resulted in the USD/JPY rate reaching below the 145.50 level. However, buying started and by midday the rate was testing the resistance of the 146.00/146.50 range. Economic Calendar The financial markets might move on Wednesday, at 18:00 GMT.
The US Dollar was boosted by the US Retail Sales release, which caused a surge of the USD/JPY currency pair above resistance ranges that eventually turned into support. However, on Friday it was observed that there was no follow up to the prior surge, as the pair declined and by midday was below the 148.00 mark.In the meantime, it has
Despite the release of US inflation data, the USD/JPY continues to trade almost flat. Resistance is provided by the 147.90/148.20 zone. Support is found in the 146.00/146.50 zone. Economic Calendar On Thursday, the US Retail Sales data will reveal whether total sales of consumer goods hae continued to increase. Note that higher retail sales might be due to higher prices not higher
Since Wednesday, the recovery of the US Dollar against the Japanese Yen has stalled at the resistance of the 148.00 mark. Meanwhile, support is found in the 50 and 100-hour simple moving averages and the 146.00 level. In general, the pair is waiting for more data or events that would reveal direction. Economic Calendar This week, on Tuesday, watch the publication of
The recovery of the US Dollar against the Japanese Yen has stalled at the resistance of the 148.00 mark. Meanwhile, support is found in the 50 and 100-hour simple moving averages and the 146.00 level. In general, the pair is waiting for more data or events that would reveal direction. Economic Calendar There are no more notable events scheduled for this week
The major decline of the USD/JPY rate has paused at the 142.00 mark. This range has provided support for a recovery. By mid-Wednesday, the recovery was approaching the 148.50/148.90 range that was expected to act as resistance. Economic Calendar This week lacks notable events. The only event that could cause a market reaction is the publication of the weekly US Unemployment Claims
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The rate hike done by the Bank of Japan pushed the USD/JPY down to the support of the 150.00 mark. However, the post event recovery was short-lived, as the central bankers revealed more tightening. As the information spread, the USD/JPY reached a new low level by shortly piercing the 149.00 level. By mid-Thursday, the rate was fluctuating around the 150.00 mark,
The recovery from the support of the 152.00 mark has encountered resistance. The 100-hour simple moving average is keeping the rate down. Meanwhile, the 153.00 level is acting as support. Economic Calendar On Tuesday, the combination of the US CB Consumer Confidence index and the JOLTS Job Openings might create a move of the USD that would impact the financial markets. On
The USD/JPY continued to decline and eventually reached the 152.00 mark. This level acted as support and has forced the rate to retrace back up to as high as the combined resistance of the 100-hour simple moving average and the resistance line that has guided the rate down since July 10. Meanwhile, note that the July support trend line was
The broader decline of the USD/JPY has resumed. The combination of the weekly simple pivot point, the 50 and 100-hour simple moving averages and the declining resistance trend line held and a descent of the rate followed. By mid-Wednesday, the pair had reached below the 154.50 level. Meanwhile, the 155.00 mark acted as resistance. In the meantime, Dukascopy traders have
Last week, the USD/JPY rate reached the 155.50 level, which acted as support. The follow up recovery found resistance at 157.70/157.85. On Monday, the broader decline appeared to have resumed. Meanwhile, it was observed the rate continues to find support and faces resistance at round exchange rate levels. Economic Calendar On Wednesday, various exchange rates could react to the publication of
The USD/JPY broke out of the triangle pattern and started a surge that was eventually approaching the 162.00 level. As the pair approached the 162.00 mark, the US CPI release caused a major drop of the US Dollar. On the USD/JPY charts, the event resulted in a decline to the 157.30/157.40 range that has turned into support. Afterwards, an attempted recovery