Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
During the first half of Monday's trading hours, the USD/JPY currency pair made two attempts at passing the resistance zone of the May 10 and 11 low levels at 129.49/129.80. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to
By late Friday's trading hours, the USD/JPY currency pair had recovered and almost reached the 129.50 mark. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see historical move tables click on the link
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. Economic Calendar On Thursday, at 12:30 GMT, US Producer Price
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3% and 0.6%
Despite reaching below the 130.00 mark, the USD/JPY did not decline during the first half of Tuesday's trading hours. The rate revealed a support zone at 129.78/129.86. Meanwhile, resistance was being provided by the 130.50/130.58 zone and the 50-hour simple moving average. The sideways trading could be explained with the markets expecting the upcoming US Consumer Price Index data on Wednesday
On Monday morning, the USD Dollar surged against the Yen above the high level zone at 131.00/131.25 and shortly touched the weekly R1 simple pivot point at 131.33. However, almost immediately after the event, the pair sharply declined. By 16:00 GMT, the currency pair had almost reached the combined support of the 130.00 level, the weekly simple pivot point at
On Friday, the USD/JPY currency exchange rate returned to trading to levels, where the pair was located before the volatility, which was caused by the Federal Reserve rate hike and following press conference. During the day, the rate had encountered resistance in the 130.70 and 130.80. Meanwhile, support was provided by the previous resistance zone at 130.20/130.50. Economic Calendar During the week,
The USD/JPY currency pair has recovered in the aftermath of the US rate hike. By the start of the day's US trading start at 13:30 GMT, the USD/JPY had reached back up to the resistance zone at 130.20/130.50. Economic Calendar On Friday, the US Dollar and the Canadian Dollar are set to react to the monthly US and Canadian employment data. Among
On Wednesday, the US Federal Reserve hiked interest rates by 0.50%. Afterwards, the Chairman of the bank Jerome Powell hosted a press conference. Comments made by Powell that the bank is not considering 0.75% rate hikes caused a drop of the US Dollar. On the USD/JPY charts the event resulted in a sharp move below the 129.00 level and a
On Friday morning, the retracement of the USD/JPY currency pair shortly pierced the 130.00 mark, before finding support in the weekly R1 simple pivot at 129.82. In the meantime, the pair had ignored the Thursday's mid-day low level zone at 130.18/130.30. Moreover, note that the 50-hour simple moving average was approaching the rate from below. Economic Calendar This week's notable events for
On Thursday morning, the USD/JPY pair was testing the resistance zone, which surrounds the 129.00 level. At 03:11 GMT, the Bank of Japan revealed that it would continue its monetary easing policy despite the low value of the Japanese Yen. The announcement resulted in a jump of the rate by 1.00%, which was followed by a surge to the 131.00
The 127.00 mark has provided enough support to the USD/JPY currency exchange rate for the pair to start a surge. By the middle of Wednesday's GMT trading hours, the USD/JPY had reached above the 128.00 level and technical levels, which surround it. Economic Calendar During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial
The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on
The retracement of the USD/JPY currency pair eventually found support in the 127.50 mark. By the start of Thursday's US trading hours, the currency pair had already made an attempt to pass the 128.50 level and revealed a resistance zone above it. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published
The sharp surge of the US Dollar, compared to the Japanese Yen, encountered resistance at the 129.34/129.40 zone. At midnight to Wednesday, a decline of the pair started, which by the middle of the day had touched the 127.60 level. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. Click on the link below
The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. Economic Calendar Hourly Chart If the US Dollar starts a recovery
The surge of the USD/JPY continues on, as the Japanese Yen continues to extend broad losses. On Wednesday morning, the pair surged and shortly pierced the 126.15 level, where the weekly R2 simple pivot point was located at. Afterwards, a retracement down occurred, which revealed the precise lower border of the support and resistance zone at 125.63/125.76. Economic Calendar On Thursday, 12:30
The USD/JPY was testing a resistance zone at 125.70/125.75, as the US Consumer Price Index data was published and caused a drop below the 125.00 mark. Afterwards, the pair recovered above 125.00. However, the pair encountered resistance in the weekly R1 simple pivot point at 125.22. Economic Calendar During the middle of Wednesday's trading, at 12:30 GMT, the US Producers Price Index
In general, the Bank of Japan has revealed that the Japanese economy is doing bad. The news added new fuel to the already ongoing massive decline of the value of the Japanese Yen. On the USD/JPY charts the events resulted in a move above the 125.50 level. During the early hours of Monday's US trading hours, the pair was finding
On Friday, the surge of the USD/JPY reached new high levels, as it gained support and reached above the 124.00 mark and the March 29 high level zone at 124.20/124.31. However, prior to the surge, the rate had initially bounced off the resistance zone and had to look for support in the trend line, which connects the March 31 and
Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click
The resistance of the 123.00 mark was passed at mid-day on Tuesday. By the start of Wednesday's trading, the currency pair had reached the 124.00 level. Afterwards, the USD/JPY pair fluctuated between the support of the 123.50 level and the resistance at 124.00. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment