The decline of the USD/JPY has experienced another sudden drop. On Friday, the rate dropped to the 102.00 level. On Monday, the currency exchange rate traded sideways between the 102.70 and 102.00 level. The pair appeared to be consolidating the sharp decline. Economic Calendar On Wednesday, March 11, the US CPI and Core CPI will be published at 12:30 GMT. The USD/JPY had
During Friday morning, the USD/JPY currency pair declined below 105.50. Note that the pair is trading near the 2019 minimum located at 104.67. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The US policymakers announced the cut of the interest rate by a
The USD/JPY currency pair remains under pressure of the 55-hour moving average near 107.50. During Thursday morning, the pair was testing the Fibo 23.60% at 107.02. If the given level holds, the pair could consolidate. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The
The 55-hour SMA has pushed the USD/JPY currency exchange rate to a new low level. Namely, the 107.00 was tested on Tuesday. The 107.00 was providing psychological support and was strengthened by a 23.60% Fibonacci retracement level. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency
The support of the 107.50 level held on Monday, as the pair traded between the 107.50 and 108.50 levels. In the meantime, as the rate traded sideways it was approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing
The USD/JPY has reached a new low level by trading at the 107.50 level. On Monday, the rate was located at this level. The pair was expected to continue to decline to the 107.00 level, as in the morning hours it had retraced back to the 108.50 mark and removed oversold pressure. In addition, there was no technical support as low
The USD/JPY has plummeted down to the 108.50 level. Despite a decline being expected by Dukascopy Analytics, the sharpness of the decline was not forecast. On Friday, the rate appeared to be finding support in the 108.50 level, which was strengthened by a weekly pivot point at 108.58. Economic Calendar Next week, already on Monday, a data release could cause a notable move.
On Thursday, the 55-hour simple moving average was pushing the USD/JPY currency exchange rate through the support of the 110.00 level. During the second half of the day's GMT hours the pair reached the 109.70 level. Economic Calendar No more relevant data for the pair is scheduled to be released during this week. However, next week's data is available. Click on the link
The USD/JPY currency exchange rate had reached the 110.00 level on Tuesday. From this level, the pair rebounded to test the resistance levels that were located above 110.50. The future scenarios were based upon what would happen at the technical resistance levels. Economic Calendar During the week there are no notable events that might impact the currency exchange rate. However, some economic calendars
On Tuesday morning, the USD/JPY currency exchange rate declined below the 200-hour simple moving average and below the 110.50 level. However, it did not indicate that the pair would continue to decline, as the same type of piercing of these levels also occurred on Monday. It was not followed by a further drop of the pair. Economic Calendar During the week there
On Monday, the USD/JPY was approaching the support of a weekly PP and the 100-hour SMA near the 111.15 level. If this level keeps the rate up, it could once again test the 112.20 level. Economic Calendar During the week there are no notable events that might impact the currency exchange rate. However, some economic calendars have US events listed as high impact.
On Friday, the USD/JPY retraced down to the 111.50 level, where it was about to meet with the support of the 55-hour simple moving average. The 55-hour simple moving average could provide the pair with the needed support to push through the resistance of the 112.20 level. USD/JPY 2.34% surge Since Wednesday, February 19, the Japanese Yen depreciated 2.34% or 257
By the middle of Thursday's trading, the USD/JPY had reached the 112.00 level. Since the middle of Tuesday's flat trading, the pair had surged more than 2.25%. The reasons for the surge were two sided. The US Dollar was gaining strength, as the US Dollar index had reached a historical high level. In the meantime, the Yen was losing value due
The USD/JPY continued to ignore technical levels. After passing various support levels and trading below them, on Tuesday, the rate began a sharp surge. By the middle of Wednesday's GMT trading hours the rate had jumped above the 110.40 level. In general, the surge was caused by fundamentals associated with the coronavirus, as the Japanese Yen has been abandoned as a
As expected, on Monday, the USD/JPY reached for the 110.00 level, which it almost reached. The pair shortly traded above the 109.95 level before starting a decline. By the middle of Tuesday's London trading hours, the pair had dropped down to the 109.70 level. During the decline, the rate passed three hourly SMAs, the weekly PP and the lower trend line
On Monday, the USD/JPY was set to surge. The rate was expected to reach for the resistance of the 110.00 level, as it had passed technical resistance levels that were located from 109.80 top 109.85. In the near term future, the 110.00 was expected to provide psychological resistance. Economic Calendar This week, there is only one event that could influence the USD/JPY rate. On
The USD/JPY currency pair consolidated at 109.80. Given that the pair is squeezed by the 55-, 100- and 200-hour SMAs, it is likely that the pair could continue to consolidate. Economic Calendar Today, the US Retail Sales data will be out also at 13:30 GMT. This event has caused moves on the USD/JPY pairs since September 2019 from 8.7 to 25.4 base points. Next
The USD/JPY currency pair failed to surpass the psychological level at 110.00 once again. The pair tumbled to 109.70. Note that the currency pair could gain support of the 200-hour SMA and reverse north in the short term. Economic Calendar This week's event have been analysed. Today, the US CPI data sets are set to be published at 13:30 GMT. The USD/JPY has
The USD/JPY currency pair failed to surpass the psychological level at 110.00. Given that the rate is supported by the 55- and 100-hour SMAs, it is expected that another attempt to reach the 110.20 level is about to occur in the nearest future. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set to be published at
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has gained support of the 55- and 100-hour moving averages in the 109.80 area. In general, it was expected that another attempt to reach the 110.20 level was about to occur. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set to be published
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has been approached by the 55-hour SMA and it has made a dip below the 109.65 mark. In general, it was expected that another attempt to reach the 110.20 level was about to occur. Economic Calendar This week's event have been analysed. On Thursday, the US CPI data sets are set
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has been approached by the 55-hour SMA and it has made a dip below the 109.70 level. In general, it was expected that another attempt to pass the 110.20 level was about to occur. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT.
On Thursday, the USD/JPY traded sideways below the 110.00 level. The sideways trading was expected to continue until the rate is approached by the support of the 55-hour simple moving average. Meanwhile, it was possible that the rate could decline down to the SMA instead of waiting for it to move upwards. Economic Calendar This Friday, the US employment data sets are set
On Wednesday, the USD/JPY rate broke resistance levels near 109.60 and reached the 109.80 level. During the middle of the day's GMT trading hours, it was expected that the rate would test technical resistance levels that were located above 109.90. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT. Moves from 19.5 to 49.8 pips have