USD/JPY trades with high volatility ignoring the resistance levels on the hourly chart. Despite that the rate was expected to decline in the future, as both technical and fundamental analysis perspectives were indicating that a decline will occur. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected of 1.2% compared with forecast 0.7%. According to experts, the
After a second attempt to pass a line on the hourly chart the USD/JPY declined on Thursday. The rate had passed hourly chart's support levels and was set to fall down to the 111.65 level. At that level the weekly pivot point and the 200-hour simple moving average were located at. Latest Fundamental Event The Bureau of Labor Statistics released US CPI
The USD/JPY continued to trade near the 112.00 level on Wednesday. Meanwhile, the rate had touched the upper trend line of a dominant resistance line near 112.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the US Core CPI was released at the same time
On Tuesday, the USD/JPY passed the support of the 55-hour simple moving average. The event was signalling that the currency exchange rate could fall down to the 111.70 level. At that level it would meet with the support of the weekly PP, 100 and 200-hour simple moving average. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came
USD/JPY has reached above the target of 112.00. Namely, during Friday's trading session the currency exchange rate reached a monthly pivot point at 112.11. On Monday, the currency pair was consolidating its gains by slightly retreating down. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the
The USD/JPY rate is skyrocketing. As soon as it broke the resistance of a descending channel on Thursday, a break out occurred, which caused a massive surge. By the middle of Friday's trading session the rate was about to reach the resistance of the 112.00 level. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected
After declining on Wednesday, the USD/JPY on Thursday was back up at the resistance of the 55-hour simple moving average and upper trend line of a descending channel pattern. Meanwhile, the rate was trading in limbo around the weekly S1 at 111.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare
On Wednesday, USD/JPY tested the combined resistance of a 55-hour SMA and an upper trend line of the medium scale descending pattern at 111.30. As the rate failed to pass the level, it was expected to trade sideways until it gets additional technical support from the lower trend line of a dominant pattern. Latest Fundamental Event The Bureau of Labor Statistics released
As it was expected, the USD/JPY retreated as soon as it touched the 55-hour SMA. Although, on Tuesday morning the decline was over, as it was stopped by the 200-hour SMA. As the 200-hour SMA was a lone technical support level, Dukascopy Analysts expect it to be passed after a period of consolidation of the decline. Latest Fundamental Event The Bureau of Labor
USD/JPY traded sideways on Monday, as it made attempts to pass the resistance of the 111.50 level. The rate was expected to trade sideways until additional technical resistance levels approach it and force it into a retreat. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the
The USD/JPY managed to find support on Thursday to surge higher. The rate had reached the resistance of the 111.75 level on Friday morning before it began trading sideways. The rate is expected to consolidate its gains before continuing higher. Moreover, at the moment it is facing the combined resistance of a large scale ascending pattern and a weekly pivot point. Meanwhile,
By trading sideways the USD/JPY has broken the support of a medium scale channel up pattern. In addition, the rate has signalled that the 55-hour simple moving average cannot push it higher. Meanwhile, the rate was being approached by the support of the 100-hour simple moving average, which could end the sideways trading. Latest Fundamental Event On Monday, the US Census Bureau released
After trading sideways throughout the start of this week, the USD/JPY was being pushed higher on Wednesday by the 55-hour simple moving average. The surge was expected to eventually reach 111.75, as at that level the closest technical resistance was located at. Latest Fundamental Event On Monday, the US Census Bureau released the US Retail Sales data, which came lower-than-expected of -0.2% compared
The forecast for the USD/JPY has failed. The rate found enough support in the 110.00 level to surge and break various technical resistance levels from 110.25 to 110.80. On Friday morning, the rate had no technical resistance as high as the 111.20 level. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The USD/JPY has declined, as previously forecast. The rate reached down to almost touch the 110.00 level before ending the decline. By the middle of the day's trading the pair was reaching for the resistance levels near 110.40. It was expected by Dukascopy Analytics that the rate will bounce off the cluster and begin a decline. Latest Fundamental Event The Federal Reserve releases
On Wednesday the USD/JPY traded sideways below a strong resistance cluster near 110.80. In general, the rate was expected to decline, as the resistance cluster had pushed the rate down without even being properly reached. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on
On Tuesday morning the USD/JPY was testing the resistance of the 55- hour SMA near the 110.15 level. If it gets passed, the rate could jump to reach the 110.45 level. On the other hand, the SMA might push the currency pair down to the 109.60 mark. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth
The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Wednesday, the USD/JPY surged, as it had bounced off the lower trend line of a medium scale pattern and broke through the resistance provided by the upper border of a smaller scale channel down pattern. In general, from the technical trend analysis Dukascopy Analytics deduct that the rate will continue to surge. Latest Fundamental Event The Bureau of Labor Statistics released US
The USD/JPY rate has plummeted down to the 111.20 level. The rate had finally reached the lower trend line of a dominant ascending pattern, which was keeping the rate from declining. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at
The USD/JPY started the week's trading in the previous trading session's range. Namely, it traded between the support levels just above the 111.40 level and the resistance at 111.60. The rate is expected to surge, as the 100 and 200-hour simple moving averages, which are providing support, could push the rate through the resistance at 111.60. Latest Fundamental Event The Bureau of Labor
After reaching the high level of 111.90 during the midnight hours from Thursday to Friday, the USD/JPY retreated down to the 111.70 level. At that level the pair traded sideways. In general, the USD/JPY was expected to resume the surge as soon as the 55-hour simple moving average would approach and provide support to the rate. Latest Fundamental Event The Bureau of Labor
After retracing downwards below all of the short term support levels on Wednesday, the USD/JPY jumped on Thursday and broke all close by technical resistance levels. By the middle of Thursday's trading session the rate had reached above the 111.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data lower-than-expected of 20K compared to forecast 180K. Note, that
By the middle of Wednesday's trading session the USD/JPY continued to trade below the 111.40 level. The trading below this level was previously expected. The sideways trading is set to end in the near future as the combination of the support of the 55 and 100-hour simple moving averages should push the pair higher. Latest Fundamental Event The Bureau of Labor Statistics released