On Wednesday, the USD/JPY traded above the technical levels that surround the 106.00 level. In theory, the pair should surge up to the weekly R1 simple pivot point at 106.48. Economic Calendar At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5 to 17.7 pips. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD
During Monday's trading hours, the USD/JPY failed to pass the resistance of the technical levels that are located from 105.80 to 106.00. Namely, the 100-hour simple moving average was the level, which could not be passed after two attempts. On Tuesday morning, the rate had retreated and found support in the 105.60 level, which kept the rate from declining. Economic Calendar On
The USD/JPY currency pair broke the lower boundary of the medium-term ascending channel. During Monday morning, the pair recovered after sharp drop. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set to
USD/JPY has been experiencing a sharp drop since the early hours of Friday's European trading session. In the meantime, the Prime Minister of Japan Shinzo Abe has resigned. It indicates that the recent sharp moves are purely fundamental. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable
On Wednesday, the USD/JPY was expected to fall to the 106.10 level. By midnight, the rate had reached the 105.80 level. On Thursday morning, the pair traded between the support of the 200-hour SMA near 105.90 and the resistance of the monthly pivot point at 106.09. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment claims are set to
The USD/JPY surge reached the 106.55 level, which was tested two times before a retracement down began. Namely, on Wednesday morning, the currency exchange rate had declined to 106.25 and had no support as low as 106.10. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the release of the US Durable Goods Orders data. The event is capable of causing
The support of the 100-hour SMA held and caused a surge on Monday. By the middle of Tuesday's GMT trading hours, the pair had already almost reached the 106.40 level. Moreover, the rate had no technical resistance as high as the weekly R1 simple pivot point at 106.65. Economic Calendar As the last week of the month, the following week is expected
The decline of the USD/JPY found support in the 105.45 level and began a recovery, which retested the resistance of the monthly pivot point at 106.09. On Monday, the rate had bounced off the monthly resistance and began a decline. Up to the middle of the day's trading, the pair was finding support in the 100-hour simple moving average. Economic
The recovery of the USD/JPY was stopped by the resistance of the 106.20 level and the 200-hour SMA. By Friday morning, the USD/JPY decline had passed various technical levels and reached below the 105.60 level. In theory, in the near term future the rate should retest this week's low levels below 105.20. Economic Calendar Next week, as the last week of the
The surge, which was caused by the FOMC Meeting Minutes was consistent with the technical chart, as the rate bounced off the support of the 105.20 level. Afterwards, the currency exchange rate was stopped by the 200-hour simple moving average at 106.23. Economic Calendar On Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. The event has
The rate reached the targeted 105.12 level, where the weekly S2 simple pivot point is located at. On Wednesday, the rate retraced back up and found resistance at 105.60. By the middle of Wednesday's GMT trading, it was expected that the rate would be pushed down by the 55-hour SMA into another test of the weekly pivot point's support. Economic Calendar Despite
The USD/JPY continued to decline sharply, as during Tuesday's GMT trading hours, the rate had reached the 105.40 level. Moreover, the most close by technical support level was located at 105.12, which indicates that the decline should continue. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all,
On Monday, the USD/JPY pair passed the support of the weekly simple pivot point at 106.46. Next support to reach was the 200-hour SMA. In the meantime, it can be observed on the daily candle chart that the daily simple moving averages had provided resistance at the 107.00 level. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy
As expected, the USD/JPY made another attempt to pass the resistance of the 107.00 level. Moreover, it made three attempts during Thursday's trading. All attempts failed. On Friday morning, the currency exchange rate declined and even passed the 55-hour simple moving average, which had been pushing the rate up since August 7. Economic Calendar The week will end with the US Retail
On Wednesday, the USD/JPY reached the target of the 107.00 mark. The 107.00 provided resistance and caused a retracement back down to the support of the 55-hour simple moving average. As previously, the SMA provided support and caused a surge. By the middle of Thursday's trading, the rate was heading back to the 107.00 level. Economic Calendar On Thursday, the US Unemployment
As forecast, the hourly simple moving averages gave the USD/JPY the needed strength to push through the 106.20 level. Namely, the 55-hour SMA caused a surge, which passed the resistance. By the middle of Wednesday's GMT trading hours, the rate had reached the resistance of a 38.20% Fiobnacci retracement level at 106.86. Economic Calendar On Wednesday, the US Core CPI and CPI
During Tuesday's European trading hours, the USD/JPY once again tested the resistance of the 106.20 level. The attempt was caused by a surge, which started from the 55-hour simple moving average. In the near term future, it was forecast that the SMA could push the rate through the 106.20 level. Economic Calendar On Tuesday, the US Core PPI and PPI data are
On Monday, the USD/JPY gained support in the 100-hour simple moving average and began a surge. By the middle of the day's GMT trading hours, the pair had reached the 106.20 level. Economic Calendar The week ahead is going to be relatively calm on the economic calendar. Most of the events, that could impact the markets, are from the US. On Tuesday,
Since Wednesday, the USD/JPY currency pair has been consolidating in the 105.60 area. It is likely that the pair could maintain its consolidation in the short run. Economic Calendar On Friday, the US Employment data set release could be in the spotlight. The release is scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic calendar.
Since Wednesday, the USD/JPY currency pair has been consolidating in the 105.60 area. It is likely that the pair could maintain its consolidation in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the US
The USD/JPY currency pair continues to trade below the monthly PP at 106.09. Note that the pair could gain support from the 100- and 200-hour SMAs and trade sideways in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be
Since Monday, the USD/JPY currency pair has been trading sideways around the monthly PP at 106.09. It is likely that the pair could gain support from the 55-hour SMA and add to gains in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data
The USD/JPY currency pair skyrocketed to the monthly PP at 106.09. If the given resistance holds, it is likely that the pair could consolidate in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey results
The USD/JPY currency pair continues to be under pressure of the 55- and 100-hour SMAs near 105.00. It is likely that some downside potential could prevail in the market. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey