The USD/JPY currency pair remains to be below the 55-hour moving average near 104.90. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
Not only did the rate reached the targeted 105.00 level on Wednesday, the pair broke the support of the technical levels at this mark. By the middle of Thursday's GMT trading hours, the pair had reached below the 104.80 level and had no close by technical support levels. Economic Calendar On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause
The decline of the USD/JPY has continued, as on Wednesday morning the rate already passed the weekly S3 simple pivot point at 105.25. Next target for the rate's decline was the 23.60% Fibonacci retracement level at 105.03 and the monthly pivot point at 104.99. In addition, psychological support could be provided by the round 105.00 exchange rate level. Economic Calendar This week,
At mid-day on Tuesday, the USD/JPY currency exchange rate reached the support of the weekly S2 simple pivot point at 105.52. In addition, support was expected from the 105.50 round exchange rate level. In the meantime, it was spotted that the pair's recovery attempt was stopped by the 105.80 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail
On Friday, the rate bounced off the 106.25 level and began a decline. By the middle of Monday's GMT trading hours, the rate had shortly reached below the 106.00 level. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail Sales
On Friday morning, by large, the situation on the USD/JPY currency exchange rate charts had not changed. The pair remained above the support of the weekly and monthly simple pivot points and the three hourly simple moving averages. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar The week will
On Thursday, the USD/JPY currency exchange rate found support in the weekly and monthly pivot points just above the 106.00 level. In the near term future, the rate a couple of possible scenarios. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core
After finding support in the 105.80 level, the USD/JPY currency exchange rate began a recovery, which tested the resistance of the hourly simple moving averages. Near term future depended on whether the SMAs provide resistance. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price
Since the start of Monday's trading, the USD/JPY has continued to trade almost flat below the 106.35 level. Due to that reason, the previous forecasts had not changed. It was speculated that the rate could be pushed up by the hourly simple moving averages. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be
During the early hours of Monday, the USD/JPY found support in the 100-hour simple moving average. The SMA stopped the decline of the rate. In the near term future, the SMA was set to be watched, as it could cause a surge of the USD/JPY. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. Economic Calendar On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one needs to look at different data tables, as reactions to the event vary. Next week, there are not so
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. On Thursday, the rate had reached the 106.35 level. Economic Calendar On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to be released. At 14:00 GMT, the US ISM Non-Manufacturing PMI results will be published.
On Wednesday, the USD/JPY traded above the technical levels that surround the 106.00 level. In theory, the pair should surge up to the weekly R1 simple pivot point at 106.48. Economic Calendar At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5 to 17.7 pips. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD
During Monday's trading hours, the USD/JPY failed to pass the resistance of the technical levels that are located from 105.80 to 106.00. Namely, the 100-hour simple moving average was the level, which could not be passed after two attempts. On Tuesday morning, the rate had retreated and found support in the 105.60 level, which kept the rate from declining. Economic Calendar On
The USD/JPY currency pair broke the lower boundary of the medium-term ascending channel. During Monday morning, the pair recovered after sharp drop. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set to
USD/JPY has been experiencing a sharp drop since the early hours of Friday's European trading session. In the meantime, the Prime Minister of Japan Shinzo Abe has resigned. It indicates that the recent sharp moves are purely fundamental. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable
On Wednesday, the USD/JPY was expected to fall to the 106.10 level. By midnight, the rate had reached the 105.80 level. On Thursday morning, the pair traded between the support of the 200-hour SMA near 105.90 and the resistance of the monthly pivot point at 106.09. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment claims are set to
The USD/JPY surge reached the 106.55 level, which was tested two times before a retracement down began. Namely, on Wednesday morning, the currency exchange rate had declined to 106.25 and had no support as low as 106.10. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the release of the US Durable Goods Orders data. The event is capable of causing
The support of the 100-hour SMA held and caused a surge on Monday. By the middle of Tuesday's GMT trading hours, the pair had already almost reached the 106.40 level. Moreover, the rate had no technical resistance as high as the weekly R1 simple pivot point at 106.65. Economic Calendar As the last week of the month, the following week is expected
The decline of the USD/JPY found support in the 105.45 level and began a recovery, which retested the resistance of the monthly pivot point at 106.09. On Monday, the rate had bounced off the monthly resistance and began a decline. Up to the middle of the day's trading, the pair was finding support in the 100-hour simple moving average. Economic
The recovery of the USD/JPY was stopped by the resistance of the 106.20 level and the 200-hour SMA. By Friday morning, the USD/JPY decline had passed various technical levels and reached below the 105.60 level. In theory, in the near term future the rate should retest this week's low levels below 105.20. Economic Calendar Next week, as the last week of the
The surge, which was caused by the FOMC Meeting Minutes was consistent with the technical chart, as the rate bounced off the support of the 105.20 level. Afterwards, the currency exchange rate was stopped by the 200-hour simple moving average at 106.23. Economic Calendar On Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. The event has
The rate reached the targeted 105.12 level, where the weekly S2 simple pivot point is located at. On Wednesday, the rate retraced back up and found resistance at 105.60. By the middle of Wednesday's GMT trading, it was expected that the rate would be pushed down by the 55-hour SMA into another test of the weekly pivot point's support. Economic Calendar Despite
The USD/JPY continued to decline sharply, as during Tuesday's GMT trading hours, the rate had reached the 105.40 level. Moreover, the most close by technical support level was located at 105.12, which indicates that the decline should continue. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all,