The USD/JPY currency pair reached the support of the weekly S1 simple pivot point on Thursday morning at 145.19. Meanwhile, it was spotted that the recent decline of the US Dollar against the Japanese Yen was guided by a trend line, which connects the pair's this week's high levels. Economic Calendar On Friday, the US Core PCE Price Index is scheduled to
In the aftermath of another intervention, the USD/JPY pair appears to be steadily declining. Namely, this week the US Dollar is experiencing a broad decline due to the markets expecting the US Federal Reserve to change its policy to be less restrictive. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and
The USD/JPY currency pair was testing the resistance of the 152.00 level, as it once again suddenly plummeted. The USD/JPY suddenly dropped on Friday evening and at the open of Monday's trading, as fundamental news had spread over the weekend. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to
The USD/JPY step by step approached the 150.50 level, which was reached and acted as resistance for two hours. Afterwards, the rate surged sharply and easily reached above the 151.00 mark. By the middle of the day's European trading, the rate had reached above 151.30. At the moment of writing, the rate appeared to be unstoppable. Economic Calendar On Monday, look out
On Thursday morning, the USD/JPY currency pair shortly reached above the 150.00 mark and the weekly R2 simple pivot point at 149.98. The 150.00 mark is a major benchmark for the pair and most financial news outlets are reporting on the event. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial
Due to an unknown reason on Tuesday, the USD/JPY pair dipped down to 148.15. It could be possible that the Bank of Japan made another attempt to intervene in the forex market. However, an hour later the rate was back above 149.00. On Wednesday, the surge continued, as by mid-day the rate was at 149.75. Economic Calendar This week, there is only
The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT. Hourly Chart On Tuesday morning, the pair
On Friday, the surge of the USD/JPY currency pair almost reached the 149.00 mark. However, resistance was encountered at 148.85. Since the event, the pair has been consolidating in the range between 148.40 and 148.85. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could
The high volatility of the US Consumer Price Index found support in the combination of the 146.50 level and the 50-hour simple moving average. Afterwards, the 147.00 mark turned into support and by the middle of Friday's trading, the pair had reached above 147.70. Namely, the pair traded above the 1998 high level of 147.60. Economic Calendar On Friday, at 12:30 GMT,
First of all, the surge of the USD/JPY has respected the upper trend line of the channel up pattern. However, the trend line might have been strengthened by the 147.00 level. Since the event, the rate retraced to the combined support of the weekly R2 simple pivot point at 146.64 and the 146.65 level. Up to mid-Thursday, the rate was
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted that
On Tuesday morning, the USD/JPY currency pair reached the 145.85/145.90 zone, which is where the Bank of Japan intervened and beat the currency rate down. The zone acted as resistance and the pair retraced to the support of the 50-hour simple moving average near 145.50. Economic Calendar This week, the markets are looking forward for the monthly United States inflation and retail
On Monday morning, the USD/JPY reached above the 145.00 mark and the last week's high level zone at 145.20/145.30 turned into support. Economic Calendar This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC Meeting Minutes might impact the markets. On Wednesday, at 12:30 GMT, the US Producers Price Index
The recovery of the US Dollar against the Japanese Yen appears to have encountered resistance in the 144.80 level. After the encounter, the pair retraced and found support near 144.40. In the meantime, it appeared that the 50 and 200-hour simple moving averages had resumed to have an impact on the pair. Economic Calendar Above all, on Friday, the US Average Hourly
The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. Economic Calendar On Wednesday, the
During the second part of Monday's trading, the USD/JPY declined below the 145.00 mark. The decline was caused by the below expectation results of the US Manufacturing PMI results at 14:00 GMT. Namely, a fundamental adjustment of the USD value occurred and pushed the USD/JPY rate as low as 144.15. However, a recovery has followed the event. Economic Calendar This week, the
On Monday morning, the USD/JPY finally ended trading sideways. The sideways trading ended with the rate breaking the resistance of the 144.70/145.00 zone. The rate shortly tested the weekly R1 simple pivot point at 145.34, before retreating to the combined support of the 50 and 100-hour simple moving averages and the 144.70 level. Economic Calendar This week, the rate is expected to
It has been revealed by the Ministry of Finance that the Bank of Japan spent an equivalent of almost 20 billion US Dollars on its September 22 intervention in the Forex markets, which caused the USD/JPY drop from 145.90 down to 140.60. However, by September 26, all Japanese Yen currency rates were close to pre-intervention levels. In general, the USD/JPY is
On Wednesday, the Bank of England announced that it would buy government bonds valued at a total of 65 billion Pounds. The market took in the news as follows - the bailing out of the government will create more inflation and will force the BoE to hike rates even more intensively. As a result a surge of the GBP against
The USD/JPY currency pair remained below the 144.70/145.00 zone up to the middle of Wednesday's European trading. Meanwhile, the support of the 50-hour SMA had caught up with the rate. In general, previous scenarios remained valid. Economic Calendar On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal
The recovery of the USD/JPY pair has reached the 144.70/145.00 zone, which had acted as resistance for most of September. Once the zone was broken last week, the Bank of Japan intervened in the market. Economic Calendar This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the CB Consumer Confidence index could impact
Last week, for the first time since 1998, the Bank of Japan has intervened in the currency market with direct transactions. However, the manipulation appears to have failed as by mid-Monday the pair was approaching the 144.50 level and could soon once again be above the 145.00 mark. In the meantime, it was spotted that the pair was shortly being impacted
The USD/JPY currency pair was surging in the aftermath of the US rate hike on Thursday morning. However, at the time of the analysis the pair suddenly plummeted from 145.90 down to the low levels below 142.50 in less than 20 minutes. It has been reported that for the first time since 1998, the Bank of Japan has intervened in
Prior to the FOMC Rate Statement and Monetary Policy Statement, the USD/JPY currency pair reacted to a broader USD surge. On the pair's charts it resulted in a move above the 144.00 mark. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate