The decline of the USD/JPY has continued, as the rate touched the 103.30 level at mid-day GMT hours on Wednesday. However, after touching the 103.30 level, the rate recovered. The recovery reached the resistance of the 103.60 level, from which it could bounce off and resume the decline. Economic Calendar On Wednesday, the day would end with the top event of the
At mid-day during Tuesday's London trading hours, the USD/JPY plummeted, as it bounced off resistance levels near 104.10 and passed the support of the 104.00 mark. In regards to the near term future, the rate was expected to first test the weekly S1 simple pivot point at 103.75 and afterwards the Monday's low level of 103.50. Economic Calendar On Wednesday, the US
The USD/JPY has ended trading near the 104.00 level, as on Monday it declined to the 103.60 level. During the decline, the currency exchange rate had passed the support of the weekly S1 simple pivot point at 103.76. In the near term future, the pair was expected to reach for the weekly S2 simple pivot point. However, the 103.50 mark
The USD/JPY currency exchange rate appears to be trading on a larger scale, but still sideways. Namely, it has once again passed below the 104.20 level. During the most part of Friday's trading, the rate was located between the 104.00 and 104.20 levels. In regards to the near term future, the rate could be impacted by the technical levels near
As expected, the USD/JPY continued to surge after breaking the resistance of the 104.20/104.35 zone. However, prior to reaching new high levels, the rate retraced to the 200-hour SMA. During the middle of European trading hours, the currency exchange rate was trading in limbo around the 104.50 level. Economic Calendar The week is set to end with the US Producers Price Index
On Wednesday, around 17:00 GMT, the USD/JPY currency exchange rate ended trading sideways, as it passed the resistance of the 104.25/104.35 zone and reached the 104.40 level. This event signalled that the rate could extend its gains. In the meantime, the currency exchange rate had no resistance as high as the 107.75 level. Economic Calendar On Thursday, the US CPI data sets
The passing of the resistance of the hourly simple moving averages and the weekly simple pivot point near the 104.20 level did not result in a surge. It occurred due to the resistance area of the 104.25/104.35 levels, which was spotted and marked on Tuesday. In regards to the near term future, the rate should decline due to the resistance
On Monday morning, the USD/JPY passed the resistance of the technical levels that were located near the 104.20 mark. Namely, the 100 and 200-hour SMAs and the weekly simple pivot point were passed. Due to that reason, in theory the currency exchange rate should surge, as it had no technical resistance as high as 104.75. Economic Calendar The week is expected to
During Friday morning hours, the USD/JPY currency pair reversed north from the 103.80 level. It is likely that the pair could face the resistance provided by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 104.20 area and reverse south. Economic Calendar On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change
The resistance levels that were reached on Wednesday near the 104.75 level held, it caused a decline, which by the middle of Thursday had almost reached 104.00. During the decline, the rate passed the support of the 55, 100 and 200-hour SMAs and the simple pivot point at 104.21. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
As forecast, the USD/JPY surged due to the additional support of the 55 and 200-hour simple moving averages. Namely, the rate surged as soon as the 55-hour SMA reached the rate. This resulted in a surge, which on Wednesday tested the resistance of the weekly R1 simple pivot point at 107.72 and the 104.75 high level of November 24. Economic Calendar On
On Tuesday, the USD/JPY ended trading around the 104.00 level. The rate started to trade above the support of the 100-hour simple moving average and the weekly simple pivot point at 104.21. In the near term future, the rate could surge, as it was being approached by two additional simple moving averages. Economic Calendar On Tuesday, the currency exchange rate could be
Since reaching the 104.00 level, the USD/JPY currency exchange rate has traded in limbo around this level, as it has fluctuated from 103.85 to 104.30 levels. In the near term future, the rate had two possible scenarios. Economic Calendar On Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has
On Friday, the USD/JPY currency exchange rate retreated to trade below the technical levels that surrounded the 104.20 level. In the near term future, the rate was expected to continue to decline, as it had no support as low as 103.70. Economic Calendar Next week, on Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US
The 55-hour SMA failed to push the USD/JPY up. Instead, the SMA's support was passed. Moreover, the SMA began to provide resistance to the rate's attempted recovery. By the middle of Thursday's European trading hours, the rate had retreated to a technical support cluster that was located at 104.20/25. Economic Calendar There are no more notable events scheduled for this week. However,
On Wednesday morning, the USD/JPY continued the decline that was started on Tuesday. By the middle of the day's European trading hours, the currency exchange rate had reached the technical support of the 55-hour simple moving average. In regards to the near term future, the pair's direction depends on whether the 55-hour SMA manages to push the rate up. Economic Calendar On
The USD/JPY consolidated on Tuesday morning by retracing to the 104.20 level. This level provided support, which caused a surge. By the start of US trading hours, the currency exchange rate had reached above the 104.70 mark. Economic Calendar Another day to watch the Economic calendars will be Wednesday. At 12:30 GMT the usual US weekly Unemployment Claims are set to grab
On Monday, the USD/JPY currency exchange rate suddenly surged, as another coronavirus vaccine was announced. This time AstraZeneca stated that its vaccine was around 90% effective. This event caused a surge of the rate, which passed the 104.25 level. During the surge, the resistance of the 55 and 100-hour SMAs together with the weekly pivot point were broken. Economic Calendar On Monday,
The 104.20 mark, which was reached on Thursday, stopped the USD/JPY recovery. The event was followed by a decline back down to the 103.80 level. Since Thursday's late trading hours, the rate has been trading almost sideways near the mentioned level. Economic Calendar On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause
On Wednesday, the USD/JPY's decline reached a new low level, as the rate touched the 103.65 level. However, after trading sideways, the rate began a recovery on Thursday, which reached the resistance of the 104.20 Economic Calendar On Thursday, expect the usual US Unemployment Claims at 13:30 GMT. Click on the link below to find out more about the data releases of
On Monday, the USD/JPY currency exchange rate experienced a sharp move upwards, which was caused by the announcement of another, more effective coronavirus vaccine. However, afterwards the rate retraced back down to the 104.50 level. Moreover, by the middle of Tuesday's GMT trading hours, the rate had reached a new low level, as the 104.25 mark was providing support. Economic Calendar Notable
The decline of the USD/JPY currency exchange rate has continued, as on Monday, the pair touched the 104.40 level. Meanwhile, the rate had passed all technical resistance levels, which could provide support as low as 103.39. Economic Calendar Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets to slightly increase USD volatility. On Thursday, expect the
The hourly simple moving averages did not manage to provide enough support for the USD/JPY currency exchange rate to pass the resistance of the 105.65 level. On Friday, the rate had retreated to trade below the 105.00 mark. Economic Calendar On Friday, the US Producer Price Indices are scheduled to be released at 13:30 GMT. The USD/JPY has moved from 4.7 to
The USD/JPY currency exchange rate made an attempt to pass the post Pfizer vaccine surge high. The pair failed at this and returned to trade below 105.50. In the meantime, the 55-hour simple moving average had caught up with the rate. Economic Calendar On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index