During the last twenty four hours the USD/JPY traded sideways just below the 109.60 level. On Tuesday morning, it bounced off the resistance level and began the previously expected decline. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their vote on where to set
The decline of USD/JPY has reached the 109.30 level. Although, after touching it, the rate retraced back up to the resistance of the 109.60 level. In general, the rate was expected to be pushed down by the resistance of the 55-hour simple moving average, which was approaching the rate. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the
The USD/JPY has reached a new low level, as on Friday the rate traded in limbo around the 109.60 level. Namely, the 109.45 level was supporting the rate and the 109.70 level was providing resistance. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their
The decline of the USD/JPY extended itself below the support levels near 110.40. By the middle of Thursday's trading session the rate had reached the 110.00 level. The decline was expected to continue down to the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50%
On Wednesday, the USD/JPY pair was consolidating its previous gains by declining. The decline was expected to continue until the rate would reach the lower trend line of an ascending channel pattern or the FOMC Meeting Minutes announcement at 18:00 GMT. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50% against the US Dollar. Note,
On Thursday, the USD/JPY was testing the upper trend line of a previously pierced ascending channel pattern. In general, the rate was expected to reach the 110.50 level, which it did faster than forecast. Namely, by the time this combined daily publication was done, the short term morning technical analysis was obsolete. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
The break out of the USD/JPY reached above the previously set target. The rate touched the 110.00 level before it dropped to look for technical support. The support was found at the 109.60 level. At that level the 55 and 100-hour simple moving averages were located together with a 50.00% Fibonacci retracement level. Latest Fundamental Event During Monday's trading session, the Japanese Yen
On Thursday, the USD/JPY broke a technical resistance cluster at 109.60. The event was followed by a surge up to the 109.80 level. The rate was expected to continue to surge, as it faced no technical resistance as high as the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
The USD/JPY has recovered to its prior levels after the sudden drop caused by the Chinese set tariffs on the US. From a fundamental perspective the recovery occurred due to the US President's announcement that he will meet with the Chinese President to discuss trade issues. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50% against the
At the middle of the day during London's trading session the USD/JPY plummeted. It dropped down to 109.15 by the time of writing. The rate's drop was paused at that level, as there a monthly pivot point was located at. If that level fails to hold, the rate would aim at the weekly S2 at 108.65. Latest Fundamental Event Bureau of Labor Statistics
By the middle of Friday's trading session, USD/JPY remained near the previous day's trading range, as it had consolidated by retracing up to the resistance of the 110.00 level. Meanwhile, the rate was still being pushed down by the 55-hour simple moving average. Latest Fundamental Event Bureau of Labor Statistics released the US PPI data, which came out in line with expectations of
As expected, the decline of the USD/JPY has continued, as the 55-hour SMA approached the currency exchange rate. On Thursday morning, the decline was stopped by a 50.00 % Fibonacci retracement level at 109.60, which previously was set as the decline's next target. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared
USD/JPY dropped, as described before. The support of the 110.00 level was reached on early Wednesday morning. During the day the rate was consolidating by trading sideways between the 110.00 and 110.20 levels. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared with forecast 181K. Note, that the US Average Hourly Earnings
On Tuesday morning, the USD/JPY remained near the previous trading session's levels. Meanwhile, the 55-hour SMA was approaching the rate. The additional resistance signals that the consolidation of the rate after the recent gap drop is about to end. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared with forecast 181K.
The USD/JPY started the week's trading with a gap down. The gap opened below the previously drawn patterns. Trump's announcements were being blamed for the drop. Although, it was the reaction of the market on the President's trade related announcement that caused the drop, as no law was signed by Trump. Namely, there is no change in the flow of trade
As it was previously forecast, the USD/JPY is getting squeezed in between the support of the 55-hour simple moving average and the resistance of the 200-hour simple moving average. The levels are closing in one on another. It indicates that the currency exchange rate should break out up or down in the near future. Latest Fundamental Event The Federal Reserve released the FOMC
The fundamental announcement made by the FOMC on Wednesday caused a surge, which managed to push the currency exchange rate through the various technical resistance levels just below 111.60. In regards to the near term future, the pair is expected to get squeezed in. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that came out better-than-expected of 0.4%
Instead of reaching the weekly S1 at 111.18 the rate retraced up to the resistance of the 55 and 100-hour simple moving averages together with a new monthly PP at 111.56. Meanwhile, take into account that on the hourly candle chart a new channel down pattern has been added. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that
The USD/JPY broke to the downside and reached down to the 111.30 level during Tuesday's trading session. From a theoretical technical analysis perspective the rate should reach down to the weekly S1 at the 111.18 level. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that came out better-than-expected of 0.4% compared with forecast 0.2%. The US Durable Goods
The USD/JPY on Monday traded squeezed in between the 55-hour SMA as support at 111.67 and the 100-hour SMA with the weekly PP at 111.80. In general, the rate could break out to both sides. Wait for the break out, which will reveal the short term direction of the currency exchange rate. Latest Fundamental Event Census Bureau released the US Core Durable Goods
On Friday morning, the USD/JPY currency pair was testing the weekly S1 located at the 111.76 mark. Given that the pair is squeezed by the weekly S1 and the weekly S2 at 111.57, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable
During Thursday night, high volatility occurred in the market due to the Monetary Policy Statement by the Bank of Japan. The Bank decided to keep the interest rate unchanged. The USD/JPY currency pair is pressured by the 55-, 100- and 200-hour SMAs, thus, it is likely, that some downside potential could occur in the nearest future. Latest Fundamental Event Census Bureau released the
The USD/JPY exchange rate tested the support level formed by the weekly S1 at the 111.78 mark. It is expected, that the rate trades sideways between the given support and the resistance level formed by a combination of the 55-, 100- and 200-hour SMAs located circa 111.90. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected
Just before midnight the USD/JPY dropped sharply 25 base points. However, by the middle of the day's trading session the rate had recovered back up to the 111.90 level. Meanwhile, take into account that a decline was expected on Friday. Compared to Friday's levels the rate had declined slightly. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came