During Tuesday's trading session the USD/JPY was making attempts to pass the technical resistance levels at 111.40. Due to the fact that the rate had touched the upper trend line of an ascending channel pattern, it was expected that it will trade sideways until it gets additional technical support from the 55-hour SMA and the lower trend line of the channel
The USD/JPY continued its recovery on Monday, as it reached up to the 111.30 level. Although, by the middle of the day's trading the pair was being pushed down by the 55-hour simple moving average at 111.32. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions
On Friday the USD/JPY reached the 111.00 level. The rate plummeted as soon as it reached below the support levels at 111.45. In general, the future forecasts for the pair revolved around the support of the 111.00 level. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Thursday, the USD/JPY traded sideways, as it was squeezed in between the combined resistance of the 55 and 100-hour simple moving averages at 111.80 and the support of a recently drawn ascending channel pattern. The sideways trading was expected to continue throughout the day, as most market attention was on the Euro and the European Central Bank. Latest Fundamental Event The Federal
After finding support in the 55-hour SMA, the USD/JPY was making another attempt to pass the resistance of the 112.00 level. In general, it was expected that the 112.00 level will give in and the rate will continue to surge by reaching the monthly R1 at 112.35. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed
The USD/JPY has reached the 112.00 level. This level, as expected, is providing psychological resistance to the currency exchange rate. The rate was expected to trade sideways until an hourly simple moving average approaches from below. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that
The USD/JPY has skyrocketed. The pair has reached the 112:00 level by the middle of the day's trading session. The move was caused by the fundamental events globally that have caused a larger than expected surge of the USD and a decline of the JPY. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided
The USD/JPY listens to fundamental announcements. It has been influenced by both US Federal Reserve information and the situation in Kashmir between Pakistan and India. Due to those reason the volatility of the pair has been massively high. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Wednesday, the USD/JPY continued to decline in the aftermath of the previously experienced high volatility. Namely, after hitting the dominant resistance levels on Tuesday the USD/JPY was still declining on Wednesday. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their vote on
The main point of attention on the USD/JPY is not the forecast, but the recent massive moves. Namely, the pair has jumped up to 111.20 and afterwards immediately declined down to support levels at 110.80. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced
The USD/JPY faces a strong technical resistance level at 110.70. The near term future revolves around this level. The most basic assumption is that the pair will bounce off this resistance level and decline. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their
By the middle of Friday's trading session the USD/JPY was surging up to the 110.90 level. In general, the rate had found support in the 200-hour SMA at midnight and begun to move upwards. The pair faced no observable resistance as high as 111.00. However, a previous attempt this week at reaching that level had failed. Latest Fundamental Event The Federal Reserve released
On Thursday, the USD/JPY traded with the same high volatility. However, it had declined down and booked a new low level during the second part of the day's trading. In general, if the rate drops below and breaks off from the simple moving averages just above the 110.60 mark, it could fall as low as 110.46. Latest Fundamental Event The Federal Reserve released
The surge of the USD/JPY continues, as the rate has made attempts to approach the 111.00 level. Although, the most notable thing about the last two trading sessions is that this week the range of volatility has increased. Namely, the hourly candles are almost twice as big as usually. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data
The USD/JPY has hit the previously set target. Namely, on Tuesday the pair hit the resistance of the 61.80% Fibonacci retracement level at 110.80. If the Fibo is confirmed as a support level, the rate will aim higher and head for the next resistance level near 111.00. At that level a monthly pivot point is located at. Latest Fundamental Event The Bureau of
On Monday the USD/JPY traded sideways as it was being kept down by simple moving averages of the hourly chart. If the rate manages to break the resistance of these simple moving averages, it will approach the next technical resistance. Namely, a 61.80% Fibonacci retracement level at 110.80 will get approached. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change
The USD/JPY passed through the support of the weekly R1 at the 110.51 mark. On Friday morning, the 200-hour simple moving average supports the currency exchange rate to trade at 110.38 mark. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to
The USD/JPY broke the dominant pattern line at the 110.82 mark to trade sideways during Wednesday's trading session. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the Average Hourly Earnings and the Unemployment Rate were
The USD/JPY passed the resistance level of the weekly R2 at the 110.516 mark to surge towards the 61.80% Fibonacci retracement level. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor Statistics
The target of the 110.50 has been reached. The USD/JPY had reached far above the 110.50 mark before stopping and consolidating its gains. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor
The USD/JPY was jumping on Monday. The rate had finally managed to pass the resistance of the 110.00 level. By the middle of the day's trading it could be observed that the rate was heading for the 110.50 level, where starting from Monday the weekly R2 of the simple pivot points was located at. Latest Fundamental Event The Bureau of Labor Statistics released
The USD/JPY has failed to pass the 110.00 mark for a week now. It continues to trade between 109.60 and 110.00. However, a move up is still expected. The reason for the possible surge still upwards is technical. Namely, the support of the 200-hour simple moving average is approaching the currency exchange rate from the downside. Latest Fundamental Event The Bureau of
After finding additional support the USD/JPY making more attempts to pass the 110.00 level. In general, we expect that the 110.00 mark will be broken. Above the 110.00 level there are no resistance levels as high as the 110.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the
The USD/JPY has dropped below the 55-hour SMA after numerous failed attempts to pass the 110.00 level. The retreat of the pair was stopped by the middle of Wednesday's trading by the 50.00% Fibonacci retracement level at 109.60. The pair has two possible scenarios for the future that revolve around the 55, 100 and 200-hour simple moving averages. Latest Fundamental Event The Bureau of