The USD/JPY currency exchange rate has continued to trade sideways between 105.00 and 105.50 since the fundamental surge that occurred on Monday. In regards to the near term future, the rate was expected to receive support from the 55-hour SMA. Economic Calendar On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index and
On Tuesday, the USD/JPY traded above the 105.00 level, which appeared to provide support to the currency exchange rate in the aftermath of the prior jump. The USD/JPY currency exchange rate jumped 236 pips or 2.29%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more than 90% of cases in
On Friday, the USD/JPY stopped its decline at the 103.20 level. On Monday, a surge started from this level. At mid-day, the surge escalated into a jump due to fundamental news. The USD/JPY currency exchange rate jumped 81 pips or 0.78%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more
The USD/JPY has broken out of the descending triangle pattern, the rate is heading down. At mid-day on Friday, the pair was aiming at the 103.00 level. However, take into account that the decline could be slowed down by the weekly S3 simple pivot point at 103.10. Economic Calendar On Friday, the US are publishing their monthly employment statistics. Among them will
The retreat of the USD/JPY reached the support of the 104.00 level. This level provided enough support for the pair to do a short term retracement back up to the 104.40 level, which beat it down. At mid-day on Thursday, the currency exchange rate was expected to test the support of the 104.00 again. Economic Calendar On Thursday, expect the weekly US
The USD/JPY executed a sharp surge up and reached above the 105.00 level by touching the 105.35 mark. However, the USD began an all-out retreat on all charts after the sudden surge. By the middle of Wednesday's GMT trading hours, the currency exchange rate had retreated to the 104.50 level. Moreover, it had no technical support as low as the
On Tuesday, the USD/JPY revealed a rising wedge pattern, which had guided the rate since October 28. Meanwhile, in regards to the near term future, the pair was expected to reach for the 105.00 level. Economic Calendar US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On the day after
Since Wednesday, the USD/JPY has continued to bounce off support levels in the 104.20/104.00 zone. At mid-day on Friday, the rate was once again heading higher after bouncing off the mentioned support. Economic Calendar Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On Monday, the US ISM
On Thursday morning, the USD/JPY rate was approached by the 55-hour SMA, which caused a drop of the rate. Moreover, the drop passed the support of the pivot points at the 104.13 level. In general, the rate had no technical support as low as the weekly S2 simple pivot point at 103.54. However, the round exchange rate level of 104.00
The 104.60 level did not provide enough support to hold the USD/JPY rate up for long. Namely, the rate traded above the 104.60 from 13:00 GMT on Tuesday to until 01:00 GMT on Wednesday. On Wednesday, the rate reached the support levels at 104.13, which caused a retracement back up to the 104.40 mark. Economic Calendar On Thursday, at 12:30 GMT two
On Tuesday, the USD/JPY retreated to the 104.60 level. The decline was caused on Monday by the resistance of the 105.00 level. The near term future was dependant on what would happen at the 104.60 mark, as this level previously provided support. Economic Calendar On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT.
On Monday, the USD/JPY currency exchange rate was testing technical resistance levels near the 105.00 level. Future scenarios were based upon whether the 105.00 level is passed or the rate bounces off it. Economic Calendar On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. This event has caused moves on the USD/JPY from
The recovery of the USD/JPY was stopped at GMT midnight from Thursday to Friday. At that time, the rate bounced off the resistance of the 55-hour SMA and began a decline. On Friday morning, the SMA had pushed the pair down to the 104.60 mark. Economic Calendar On Friday, the US Markit Flash Services and Manufacturing PMIs could cause a move
The decline of the USD/JPY stopped on Wednesday at 104.35. Afterwards, a recovery began, which by the middle of Thursday's European trading had reached the 104.80 mark. US Dollar Drops on Stimulus Talks From Tuesday to Wednesday, the US Dollar depreciated actively against the Japanese Yen. The USD/JPY currency pair lost 137 pips or 1.30%. It is likely that the
The USD/JPY surged on Tuesday morning, as it was expected. However, the rate found resistance in 105.75. Afterwards, a decline started, which eventually dropped below all technical support levels. Moreover, on Wednesday morning, a fundamental drop occurred, which stopped just above the 104.80 mark. A report on the drop is expected to be published in the Expert Commentary section after
On Tuesday morning, the USD/JPY currency exchange rate reached above the 105.50 level and began to trade sideways between 105.50 and 105.60. In the near term future, the currency exchange rate was expected to surge, as soon as the 55 and 100-hour simple moving averages approach the pair. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30
On Monday, the USD/JPY currency exchange rate was testing the combined support of the 55 and 100-hour simple moving averages and a monthly pivot point at 105.35. In the meantime, the rate faced the resistance of the weekly simple pivot point at 105.44 and the psychological resistance of the 105.50 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims will be
On Friday, the USD/JPY traded near the 105.20/105.30 zone. In the meantime, the rate had showed that it was not impacted by the 55 and 100-hour simple moving averages. Economic Calendar On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases the market barely reacts to this data. Namely, there
The USD/JPY reached the 23.60% Fibonacci retracement level at 105.03, as it was expected. Afterwards, the Fibo caused a surge, which retraced back up to the resistance of the pivot point and 55-hour SMA near 105.35. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. Since September, the publication caused moves of 4.2 to 14.8 pips. On
At mid-day on Wednesday, the USD/JPY currency exchange rate dropped below the pivot points that had kept it up throughout this week. In the near term future, the currency exchange rate was expected to reach for the 105.00 mark, where a 23.60% Fibonacci retracement level was located at. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30
On Friday, the rate failed to recover, as the 55-hour SMA provided resistance and caused a decline below the 100-hour SMA. On Monday morning, the decline continued, as the rate had reached the 105.45 level. In addition, the rate had no technical support as low as 105.34. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30
The USD/JPY ended trading flat at the 106.00 level at GMT midnight between Thursday and Friday. The rate drooped to the support of the 100-hour simple moving average at the 105.80 level, from which it began a recovery. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could cause a noteworthy
Since Wednesday morning, the USD/JPY currency exchange rate has been fluctuating around the 106.00 level. It was spotted that the rate had the support of the 105.94 level and the resistance of 106.09. The rate could continue to trade sideways until it is approached by the hourly simple moving averages, which caused the breaking of the pivot point at 105.77. Economic
The USD/JPY broke the resistance of the weekly R1 simple pivot point at 105.77 on Wednesday morning. This resulted in a surge that reached above the 106.00. In the near term future, the rate was set to test the weekly R2 simple pivot point at 106.22. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00