On Tuesday morning, the USD/JPY declined to the combined support of three hourly simple moving averages at the 105.50 mark. Future forecasts were based upon what would happen at this level. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a rate statement. In the past,
During Monday's first half of European trading hours, the USD/JPY continued to recover. By the middle of the day, the rate had reached back up above the 105.60 level. In the near term future, the rate was expected to be pushed up by the support of hourly simple moving averages. Economic Calendar Pay attention to the economic data releases already on Monday.
The USD/JPY plummeted on Friday morning, as a run to safety was caused by the announcement of the US President Donald Trump that he and his wife had contracted the coronavirus. The rate's sharp drop stopped at the 105.00 level and afterwards began a consolidation in the 105.00/105.20 range. Economic Calendar The week will end with a monthly data release. The US
A larger review of the pair's hourly chart was conducted on Thursday morning. It was spotted that the rate had been trading in a channel up pattern since September 23. In the meantime, note that the 100-hour SMA failed to continue to push the rate up. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a
The USD/JPY passed the support of the channel up pattern on Tuesday. However, the rate did not decline far, as it found support in the 100-hour simple moving average near 105.50. In theory, the rate could surge and make another attempt to pass the resistance of the 105.80 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data
On Tuesday morning, the USD/JPY currency exchange rate tested the resistance of the 105.70 level. The rate was expected to pass this resistance, as the support of the 100-hour simple moving average had proven that it has the required strength to push the pair up. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
On Monday morning, the USD/JPY rate declined and began to trade between the support of the 100-hour SMA and the resistance of the 55-hour simple moving average. In the near term future, a squeeze between the pivot points was expected to cause a surge to the 106.00 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release
By the middle of Friday's GMT trading hours, the USD/JPY remained below the resistance of the 105.50 level. Moreover, the approach of the 55-hour simple moving average did not cause a surge of the pair. In the near term future, the currency exchange rate was expected to remain below the 105.50 mark. Economic Calendar On Wednesday, at 12:15 GMT the ADP
On Thursday, the USD/JPY traded in limbo around the 105.40 level. The pair was kept there by the resistance of the 105.50 mark. The rate was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. Economic Calendar The week will end with a possible minor move from the US Durable Goods
The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is
After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the 55-hour simple moving average. On Tuesday morning, the SMAs were located at 104.70 and 104.50. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit
On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
The USD/JPY currency pair remains to be below the 55-hour moving average near 104.90. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
Not only did the rate reached the targeted 105.00 level on Wednesday, the pair broke the support of the technical levels at this mark. By the middle of Thursday's GMT trading hours, the pair had reached below the 104.80 level and had no close by technical support levels. Economic Calendar On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause
The decline of the USD/JPY has continued, as on Wednesday morning the rate already passed the weekly S3 simple pivot point at 105.25. Next target for the rate's decline was the 23.60% Fibonacci retracement level at 105.03 and the monthly pivot point at 104.99. In addition, psychological support could be provided by the round 105.00 exchange rate level. Economic Calendar This week,
At mid-day on Tuesday, the USD/JPY currency exchange rate reached the support of the weekly S2 simple pivot point at 105.52. In addition, support was expected from the 105.50 round exchange rate level. In the meantime, it was spotted that the pair's recovery attempt was stopped by the 105.80 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail
On Friday, the rate bounced off the 106.25 level and began a decline. By the middle of Monday's GMT trading hours, the rate had shortly reached below the 106.00 level. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail Sales
On Friday morning, by large, the situation on the USD/JPY currency exchange rate charts had not changed. The pair remained above the support of the weekly and monthly simple pivot points and the three hourly simple moving averages. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar The week will
On Thursday, the USD/JPY currency exchange rate found support in the weekly and monthly pivot points just above the 106.00 level. In the near term future, the rate a couple of possible scenarios. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core
After finding support in the 105.80 level, the USD/JPY currency exchange rate began a recovery, which tested the resistance of the hourly simple moving averages. Near term future depended on whether the SMAs provide resistance. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price
Since the start of Monday's trading, the USD/JPY has continued to trade almost flat below the 106.35 level. Due to that reason, the previous forecasts had not changed. It was speculated that the rate could be pushed up by the hourly simple moving averages. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be
During the early hours of Monday, the USD/JPY found support in the 100-hour simple moving average. The SMA stopped the decline of the rate. In the near term future, the SMA was set to be watched, as it could cause a surge of the USD/JPY. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. Economic Calendar On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one needs to look at different data tables, as reactions to the event vary. Next week, there are not so
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. On Thursday, the rate had reached the 106.35 level. Economic Calendar On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to be released. At 14:00 GMT, the US ISM Non-Manufacturing PMI results will be published.