The USD/JPY currency pair consolidated near the Fibo 23.60% at 105.03. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to
The USD/JPY currency pair declined below the 105.00 level. It is likely that some downside potential could prevail in the market, as the pair is pressured by the 55-hour SMA. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement on
The USD/JPY has been consolidating by trading sideways near the weekly S1 simple pivot point at 105.37. Moreover, on Tuesday, the rate retraced back up to the 55-hour simple moving average. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement
The USD/JPY has sharply declined, as by the middle of Friday's GMT trading the currency exchange rate had reached the 106.20 level. In the meantime, the pair was testing the support of the weekly S2 simple pivot point. Economic Calendar There are no more notable events scheduled for this week. Next week, notable macroeconomic events are set to start with the biggest
The USD/JPY managed to pass the resistance of the pivot point and three hourly simple moving averages. The move was expected, as these technical levels had also failed on Tuesday. However, on Thursday, the 100 and 200-hour SMAs began to provide support to the currency exchange rate. Economic Calendar On Thursday, the US Unemployment Claims data is set to be published at
On Wednesday, the USD/JPY was testing the combined resistance of three hourly simple moving averages and a weekly pivot point. In theory, the rate could pass these resistance levels, as all of them failed to provide support to stop the decline of Tuesday. Economic Calendar There are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US
On Tuesday, the USD/JPY currency exchange rate traded between the 107.15 and 107.35 levels. Meanwhile, the rate was supported by the 55, 100 and 200 hour simple moving averages at 107.20 and 107.15. Economic Calendar There are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US Unemployment Claims data is set to be published at 12:30
The USD/JPY currency exchange rate began the week with a sharp surge, which confirmed the borders of a wide channel up pattern. Afterwards, a decline started, which reached the hourly simple moving averages. In the meantime, the rate was supported by the weekly simple pivot point at 107.05. Economic Calendar There are only couple data releases expected, which could move the USD/JPY
Yesterday, the USD/JPY currency pair reversed south from the 107.40 level. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP in the 107.10 area. Economic Calendar Next week, there are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US Unemployment Claims data is set to
Yesterday, the USD/JPY currency pair tumbled to the psychological level at 106.70. From a theoretical perspective, it is likely that the pair could continue to trade downwards within a newly revealed falling wedge pattern. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by
During Wednesday morning hours, the USD/JPY currency pair dropped below 107.00. It is likely that the pair could gain support from the Fibo 38.20% at 106.86 and reverse north in the short run. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by clicking on
The USD/JPY currency pair raised to the resistance level formed by the 200-hour SMA near 107.30. During Tuesday morning, the pair was testing the given resistance. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility remains intact during the release. On Thursday, the publication of the
The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50. During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The USD/JPY has continued to decline, as the support of the 107.20 level eventually gave in and let the rate fall. By the middle of Friday's GMT trading hours, the currency exchange rate had reached the 106.75 level and had no technical support as low as 106.46. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index
On Wednesday, a decline of the USD/JPY was expected. The forecast was not precise, as instead of gradually declining the rate plummeted below the target and crashed patterns in a couple of hours after the daily publication was made. On Thursday, the rate had found support in the 107.20 level and traded almost sideways. Economic Calendar On Thursday, at 12:30 GMT the
During the last twenty four hours up to the GMT time zone morning, the USD/JPY revealed two channel patterns. Namely, a medium scale channel up pattern and a junior channel down. In theory, the pair is set to decline below the 107.40 level. However, there are more than one ways to get there. Economic Calendar On Thursday, at 12:30 GMT the weekly
The decline of the USD/JPY on Monday reached the 107.25 level. However, by the middle of Tuesday's GMT trading hours, the rate had recovered and reached above 107.75. At mid-day it was observed that the 107.75 provided resistance to the rate. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above
As expected, the USD/JPY made a sharp move. Namely, the rate started the week's trading with a surge up to the 107.75 level. However, the 107.75 mark provided resistance and caused a decline. By the middle of the day's GMT trading hours, the pair had reached the 107.50 level. Economic Calendar During the week, notable macroeconomic data releases are set to start
Since the middle of Wednesday's GMT trading hours, the USD/JPY has continued to trade near the 107.50 mark. However, on Friday, the rate decreased volatility, which signalled that the pair could soon make a sharp move. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of 11.1% compared with the forecast of
After reaching the 107.50 mark on Wednesday, the USD/JPY currency exchange rate began to trade sideways. By the middle of Thursday's trading, the rate had continued to bounce around 107.50. In the near term future, the pair was expected to get squeezed in between hourly simple moving averages. Economic Calendar The main scheduled macroeconomic data release of the week is bound to
The USD/JPY managed to break the resistance of the monthly R1 at 107.78, on Tuesday. However, the rate reversed its direction at 108.10 and began a decline. By the middle of Wednesday's GMT trading hours, the rate had almost reached the 107.50 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
Since the middle of Monday's GMT trading, the USD/JPY has been attempting to pass the resistance of the weekly R1 simple pivot point at 107.78. In the near term future, it was expected that the rate would continue to trade sideways or decline, as the most close by technical support level was near the 107.40 mark. Economic Calendar The main scheduled macroeconomic
On Friday, the 106.80 USD/JPY currency exchange rate level provided support, which started a surge. By the middle of Monday's trading, the surge had broken resistance of the 107.40 mark. In theory, the rate no longer had any resistance as high as the 107.80 mark. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday,
After reaching the resistance of a pivot point at 107.47, the USD/JPY began a decline. By the middle of Friday's GMT trading hours, the USD/JPY had reached below the support of a Fibonacci retracement level at 106.86 and no longer had any technical support as low as 106.56. Economic Calendar There are no more events scheduled for this week, which could impact