On Tuesday morning, the USD/JPY currency exchange rate passed above the previous February high level zone near 115.40. However, by the middle of the day's trading, the pair had retraced downwards and was looking for technical support. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to
On Monday morning, the USD/JPY currency exchange rate bounced off the resistance zone, which surrounds the 115.40 mark. Afterwards, the rate declined to the support of the 200-hour simple moving average near 114.90. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to impact the value of
The 114.20 mark provided enough support to the USD/JPY currency exchange rate for the pair to recover. By the start of Thursday's US trading hours at 14:30, the pair had made an attempt to reach the 115.00 mark. Economic Calendar On Friday, the US is going to publish employment data at 13:30 GMT. Click on the link below to find out more about
The decline of the US Dollar against the Japanese Yen has continued, as by the start of Wednesday's US trading hours, the rate had reached the 114.20 level. In the meantime, the rate had no technical support as low as the 114.00 mark and the weekly S1 simple pivot point at 113.93. Economic Calendar Thursday will end with the US ISM Services
The USD/JPY ended trading in the sideways range by declining. By mid-Tuesday's trading, the rate had reached below 114.60. In the near term future, the rate might look for support in the 114.50 mark. The 114.50 mark was being supported by the 200-hour simple moving average. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could
Since Thursday, the USD/JPY currency exchange rate has been fluctuating sideways between the 115.20 and 115.70 levels. It was previously expected that the 50-hour simple moving average might push the pair up. However, on Monday, the USD/JPY passed below the SMA near 115.40. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On
On Friday morning, the USD/JPY currency pair found resistance in the 115.70 mark. The pair kept testing the resistance of this level until the US Dollar suddenly experienced an all out drop at 14:00 GMT. By the time of writing, the reason was unclear. Meanwhile, it was spotted that there was a support zone at 115.16/115.18. Economic Calendar USD/JPY short-term review If
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. On the USD/JPY charts this resulted in a crashing of the channel up pattern that
The USD/JPY has bounced off the January low level near 113.50. The following recovery has occurred in a channel up pattern. Most recently, on Tuesday, the rate encountered resistance in the form of the 200-hour simple moving average and the weekly simple pivot point near 114.15. Economic Calendar Expect major volatility on Wednesday at 19:00 GMT, as the Fed makes its rate
The decline of the USD against the Japanese Yen has reached below the 114.00 mark and the support zone at 113.87/113.96. Moreover, during the middle of Friday's trading, the rate retraced back up and confirmed the zone as resistance. Economic Calendar The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. Click on the link
The decline of the USD/JPY that was caused by the US Consumer Price Index release has passed all expectations of the USD bears. At the start of Thursday's US trading hours, the USD/JPY rate was already passing support levels near 114.20. In the near term future, the pair was expected to eventually reach the 114.00 mark, which could stop a
As the USD/JPY currency exchange rate was testing the resistance of the descending January high levels near 115.50, the US Consumer Price Index data was published. Namely, on Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. Economic Calendar The USD/JPY has moved from 19.1 to 31.3 pips on
Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the
A recovery of the USD/JPY pair from the 115.20 level on Monday revealed the lower border of a channel down pattern. The pattern has been guiding the rate since January 4. During the second half of Monday's trading, the rate was located between the 115.20 mark and the zone that surrounds the 115.50 level. Economic Calendar The top data set of the
The USD/JPY currency exchange rate's attempt at recovery failed, as it was piercing the 116.00 mark. On Friday, the rate was fluctuating below the 116.00 mark, as the pair was slowly declining. Economic Calendar No more notable events this week. USD/JPY short-term review In the case that the pair extends its decline, support would be most likely provided by the support zone at
In the aftermath of the Fed Meeting Minute release, the USD/JPY currency exchange rate has revealed a resistance and support zones at 116.19/116.24 and 115.63/115.66. During late Thursday's trading, the support zone had once again held and the rate was approaching the 50-hour SMA near 115.95 and the 116.00 mark. Economic Calendar The most notable event of the week will be the US
The USD/JPY booked a new five year high level at the weekly R3 simple pivot point at 116.35. The resistance of the pivot point held and caused a decline. By the middle of Wednesday's trading, the rate had retreated below the weekly R2 simple pivot point and the 50-hour simple moving average near 115.80. Economic Calendar The most notable event of the week
On Tuesday, the USD/JPY jumped, as it broke the resistance of the 115.40/115.50 zone. The surge reached above the five year high level of early 2017 near 115.80. By the start of US trading, the pair had already reached the resistance of the weekly R3 simple pivot point at 116.35. Economic Calendar The most notable event of the week will be the
The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. Economic Calendar The week before New Year's
Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. Economic Calendar On Thursday, at 13:30 GMT the
The USD/JPY succeeded at its second attempt to reach a new December high level. By the middle of Wednesday's European trading hours, the rate had reached above the 114.30 level. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a
On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP.
The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release
Eventually, on Thursday the USD/JPY started a decline, as other pairs had done in the aftermath of the US Fed Statement on Wednesday. By the middle of Friday's trading, the pair had reached below the 113.20 level and had no technical support as low as 112.84. Meanwhile, on Friday morning, at 02:56 GMT, the Bank of Japan revealed its future monetary