The USD/JPY currency pair has passed below the support of the 50, 100 and 200-hour simple moving averages, and the combination of the weekly simple pivot point at 148.84 and the support range at 148.55/148.75. On Tuesday morning, the pair found support in the 148.00 mark and confirmed the 148.55/148.75 range as resistance. Economic Calendar On Wednesday, at 13:30 GMT, the US
The USD/JPY has continued to try and move above the 149.65/149.75 range. On Monday, the pair once again failed. However, this time the failure resulted in a decline. The rate move to the 148.55/148.75 range, which provided support. By mid-Monday, the pair had started a recovery that was approaching the 149.50 level and the 50 and 200-hour simple moving averages. Economic
In general, the USD/JPY still remains near 149.50. However, the pair has been reached by the 50 and 200-hour simple moving average. In general, the rate is squeezed in, which indicates taht a sharp move up or down is set to follow. Economic Calendar Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on
The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged.Meanwhile, traders had held on to their long positions, as 70% of open position volume was bullish. Economic Calendar Next week, the EUR/USD could react to the
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00.Dukascopy Bank SA open position statistics show that traders were expecting the move. On Tuesday, 71% positions were long and 91% of orders were to buy. Some have already taken profit, some expect more
The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance. Meanwhile, sentiment has turned massively bullish on the USD/JPY. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting Minutes publication
The weakness of the US Dollar that was caused by the lower than expected US inflation has caused a major drop of the USD/JPY currency exchange rate. By mid-Monday of this week, the rate had almost reached the 148.00 level. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting
The 50-hour simple moving average appears to be pushing the USD/JPY higher. Meanwhile, it has been observed that the rate pauses at round exchange rate levels and trades around them, before picking a direction. Economic Calendar On Tuesday note the US Consumer Price Index data set release at 13:30 GMT. The data release is set to impact the US Dollar's value. Higher
The ongoing recovery of the US Dollar against the Japanese Yen has reached above the combined resistance of the 151.00 mark and the weekly R1 simple pivot point at 151.09. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some
The surge that was caused by the future inflation forecast changes of the Bank of Japan eventually resulted in a USD/JPY 233 pip move or a surge of 1.56%. A new 2023 high level was reached and tested two times at 151.70. Afterwards, the US Dollar began to consolidate its gains near 151.50, as the US Federal Reserve revealed its
Forget about technical analysis for now. The Bank of Japan has revealed its policy stance and it is impacting the USD/JPY through the value expectations for the Japanese Yen. In general, the central bank has caused the rate to reach a new 2023 high. The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going
On Monday, news that the Bank of Japan might change its policy on the Japanese Yen has caused a drop of the USD/JPY. From a technical analysis perspective, the rate has passed below the support range at 149.30/149.45. Eventually, the rate found support in the 148.80 level. Economic Calendar This week most events will be ignored due to a simple reason. The
The USD/JPY has continued to surge, despite reaching above the 150.00 mark. However, it appears that another intervention has occurred. As the pair approached the 150.80 mark on Thursday, it suddenly dipped below 150.00, before returning to trade near 150.50. By mid-Friday, the rate had declined back to the 150.00 mark. Economic Calendar On Friday, the US Core PCE Price Index data
The USD/JPY currency pair has once again reached the 150.00 mark. At this level the markets expect the Bank of Japan to intervene in the forex market and strengthen the Japanese Yen. Economic Calendar On Tuesday, at 13:45 GMT, the US PMIs will be published and are expected to impact the US Dollar. On Wednesday, at 20:35 GMT, the head of the Federal
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. Economic Calendar On Thursday, the US weekly Unemployment claims
The USD/JPY currency exchange rate has reached above the 148.50/149.00 range. The previous resistance appears to have turned into support. However, the 149.80 level has acted as resistance, before the pair has hit the 150.00 mark. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could
The USD/JPY has narrowed its sideways trading range to 148.50/149.00. Technical levels continue to be ignored. Support below 148.50 is found at 148.15/148.30. Resistance above 149.00 is located at 149.30/149.50. Economic Calendar On Thursday, at 12:30 GMT, the US Dollar will react to the combination of the US Consumer Price Index and the weekly Unemployment Claims data. Markets will be looking at
Since the bounce off from the 150 mark, the USD/JPY has been trading between two zones. Support is found at 148.15/148.30. Resistance is located at 149.30/149.50. Meanwhile, it appears that the rate is ignoring the simple moving averages and the weekly simple pivot point.Economic Calendar Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set
Despite the US Dollar moving due to the publication of monthly US employment data and the war in Israel, the USD/JPY has not reacted. Namely, in theory the supposed safe haven currency, the Japanese Yen, should have decline due to the US employment, but strengthened at the start of the conflict in the Middle East. Instead, the Yen slightly reacted
The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level. Economic Calendar On Friday, the top event of
In the aftermath of the Monday's drop, the USD/JPY appears to have stabilized in the 148.75/149.30 range. Namely, the pair trades around 149.00. Meanwhile, the Bank of Japan has not confirmed involvement in the currency market. Moreover, the Finance Ministry has refused to comment on the move. Economic Calendar On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the
The USD/JPY reached the 150.00 mark at mid-day on Tuesday. The 150.00 level is where the markets expected the Bank of Japan to intervene and beat the rate down. As soon as the rate pierced the 150.00 mark a massive sell off started. It is unclear whether it was caused by market participants or the Japanese Central Bank. Economic Calendar On Wednesday,
The resistance of the 149.50 level eventually was enough for the USD/JPY to cause a sharp decline. The decline eventually reached the 148.50 level and the 200-hour simple moving average. The support was enough to cause a recovery to the 100-hour SMA and the 149.00 level. Economic Calendar This Friday, all attention will be on the US Core PCE Price Index release