The USD/JPY reached the 108.00 mark, which held its ground and caused a decline of the pair. In fact, the pair made two attempts to pass the 108.00 level and failed. By mid-day GMT trading hours on Wednesday, the rate had declined to the support of the 55-hour simple moving average at the 107.55 level. Economic Calendar Markit is going to publish
At mid-day on Tuesday, the USD/JPY pierced the last resistance levels before the 108.00 mark. The rate was expected to surge up to that level. However, the rate is overbought, as indicated by the far below the rate left hourly simple moving averages. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
On Monday, the USD/JPY currency exchange rate found support in the combination of 55 and 100-hour simple moving averages. During the second half of the day's trading, the pair was expected to reach for the monthly pivot point at 107.65. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.17.05-23.05
The USD/JPY currency pair revealed a rising wedge pattern. From a theoretical perspective, it is likely that the pair could reverse north from the pattern lower line in the nearest future. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21,
Some downside potential has been prevailing in the market since Monday. During Thursday morning, the USD/JPY currency pair was testing the support formed by the Fibo 38.20% and the 200-hour SMA. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US Retail Sales on
Yesterday, the USD/JPY currency pair declined below the 107.40 level. The pair could gain support from the 100-hour SMA and the Fibo 38.20% and reverse north in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US PPI on Wednesday and
The USD/JPY currency pair failed to surpass the resistance level formed by the weekly R2 and the monthly PP at 107.65. It is likely that some downside potential could prevail in the market within the following trading session. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in
The USD/JPY currency pair breached the falling wedge pattern north and jumped to the weekly R1 at 107.20. In theory, the pair could continue to trade upwards in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US
On Friday, the USD/JPY currency exchange rate traded between the resistance of the 100-hour SMA near 106.45 and the support of the 55-hour SMA and weekly simple S1 pivot point at 106.32. In theory, the rate should get squeezed in between these levels and afterwards break out either up or down. Economic Calendar On Friday, the week will end with the employment
The USD/JPY decline found support in the psychological strength of the 106.00 round exchange level. This event resulted in a surge, which by the middle of the day had reached the 106.60 mark. By the middle of Wednesday's European trading hours, the rate's decline had reached below the 106.20 mark. Economic Calendar On Friday, the week will end with the employment data
The resistance of the 38.20% Fibo at 106.86 held. In the aftermath of the bounce off from the resistance level, a decline began. By the middle of Wednesday's European trading hours, the rate's decline had reached below the 106.20 mark. Economic Calendar There are no notable events scheduled for Thursday that could affect the exchange rate. On Friday, the week will end with
The USD/JPY was testing the resistance of a 38.20% Fibonacci retracemenet level at 106.86. In addition, the Fibo was strengthened by the resistance of the 55 and 100-hour simple moving averages near 106.80. Future forecasts were based upon what would happen near the 106.80 mark. Economic Calendar There are a couple of minor data releases scheduled for the week. On Tuesday, the
Yesterday, the USD/JPY currency pair consolidated in the 106.60 area. Note that the pair is pressured by the 55-hour moving average. Thus, some downside potential could prevail. Economic Calendar Today, the US Unemployment Claims will be released at 12:30 GMT. On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start
The decline of the USD/JPY has continued, as by the middle of Wednesday's GMT trading hours, the rate had reached the 106.40 mark. Near that level the rate met with the weekly S3 simple pivot point. Future forecasts were based upon whether the support of the 106.40 holds. Economic Calendar The week starts with the US Advance GDP release on Wednesday at
On Tuesday, the USD/JPY rate dropped to the 106.50 level. By doing this it passed the support of the 107.00 mark and a cluster of technical support levels at 106.85. In regards to the near term future, the rate was expected to reach the weekly S3 simple pivot point at 106.44. Economic Calendar The week starts with the US Advance GDP release
On Friday, the USD/JPY currency pair tried to decline below the 107.40 level. During Monday morning, the pair broke the lower boundary of the short-term descending channel. Economic Calendar The week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic
After finding support in the 107.40 mark on Thursday, the USD/JPY experienced a sharp fundamental surge, which reached above the 108.00 level. However, immediately afterwards, the pair returned to trade in the channel down pattern. On Friday morning, the rate was bouncing around between the support levels at 107.60 and the resistance of 107.70. Economic Calendar On Friday, a notable reaction of
Despite not declining on Wednesday, as forecast, the USD/JPY continued to trade in the recently discovered channel down pattern. By the middle of Thursday's trading, the upper trend line of the pattern had been tested six times. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
As forecast, the USD/JPY declined on Tuesday. During the morning hours of the day, the pair bounced off the 107.30 level. By doing that, the rate revealed a channel down pattern. In regards to the future, on Wednesday the rate had bounced off the upper trend line of the pattern and passed the support of hourly simple moving averages. It
The USD/JPY started a decline, as it was about to face the resistance of the 108.00 level and the 200-hour simple moving average. By the middle of Tuesday's GMT trading hours, the pair had been pushed through the support of the 55 and 100-hour SMAs and the weekly pivot point. In addition, the channel up pattern was broken. Economic Calendar On Thursday,
On Monday, the USD/JPY currency exchange rate traded between various hourly simple moving averages. In regards to the future, the rate was expected to approach the resistance of the 108.00 level and the 200-hour SMA at 107.97. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
Since the start of Wednesday's trading session, the USD/JPY has made two attempts to pass the resistance of the 108.00 level. By mid-day on Friday, the rate was about to do another attempt, as it had found support in the 55 and 100-hour simple moving averages. In regards to the future, the rate was expected to get squeezed in between
The pattern, which was revealed by the USD/JPY on Tuesday, was broken at midnight to Thursday. The rate broke out to the upside and reached the 108.00 level. At that level, the rate met with the weekly S1 simple pivot point, which caused a decline. By the middle of Thursday's GMT trading hours the pair had almost reached the 107.50
As it was speculated on Tuesday, the 107.00 level provided the USD/JPY exchange rate with the needed support for a rebound. By the middle of Wednesday's GMT trading hours, the rate's recovery had reached the combined resistance of the 55-hour SMA and a weekly S2 simple pivot point. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests