On Monday, the USD/JPY has reached the support of the 38.20% Fibonacci retracement level at 108.44. In theory, the pair should trade above this level until the resistance of the 55 and 100-hour simple moving averages approach the rate. US Employment Data The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out better-than-expected of 266K compared with
As expected, the 109.00 level managed to hold and the USD/JPY currency exchange rate has retreated. By the middle of Friday's trading the pair had reached the 108.60 level and had no support as low as 108.40. In general, the rate was expected to reach the support levels at 108.40 and future forecast scenarios were based upon what would happen at
The recovery of the USD/JPY continued on Thursday, as the rate had reached the 109.00 level. In the meantime, the future of the surge of the pair was unlikely, as the pair faced three resistance levels just above the 109.00 mark. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured
On Wednesday morning, the USD/JPY bounced off the support of a 38.20% Fibonacci retracement level at 108.44. The bounce off was part of a consolidation that was occurring in the aftermath of the recent sharp decline. The pair was expected to surge to the 108.90 level, where it would meet with technical resistance levels that would push it downwards. Fundamentals Crash US
The USD/JPY has plummeted below the 108.70 level. The fall of the US Dollar started on Monday and it was mostly fuelled by fundamentals. Among them was the weakness caused by US trade tariffs, a trade dispute with the EU, Cuban retailers moving away from using the USD and lower than expected US ISM Manufacturing PMI survey results. Economic Calendar This week
On Monday morning, the USD/JPY tested the resistance of the 109.70 level. Near that level resistance is provided by a 50.00% Fibonacci retracement level and a trend line, which connects the high levels of 2018 and 2019. Note that one has to zoom out the chart for the historical price information to load and the reference points for the two year
The USD/JPY has broken an ascending channel pattern by trading sideways. Namely, it has remained between a pivot point at 109.47 and the resistance of a 50.00% Fibonacci retracement level at 109.58. The rate is expected to remain between these levels until the support of the 55-hour simple moving average approaches the pair. The SMA could push the rate higher and
Shortly after Dukascopy Analytics published Wednesday's review, the USD/JPY managed to break the resistance of the 109.20 level. It resulted in a sharp surge that reached 109.60. The rate bounced off this level. By the middle of Thursday's trading the rate had retreated, consolidated and resumed its surge. Namely, it was set to again test the 109.60. Economic Calendar This week there are
On Wednesday, the USD/JPY made another attempt to pass the resistance of the 109.20 level. The level managed to hold and forced the pair into a retreat down to the lower trend line of a channel up pattern. The future forecasts were based upon whether or not the supporting trend line of the pattern causes a surge. Economic Calendar This week there are
The USD/JPY touched the 109.20 level during the night from Monday to Tuesday. Afterwards the rate retreated and began to trade sideways below the 109.00 mark. In regards to the near term future, the rate was expected to get support from the 55-hour simple moving average. The SMA could push the rate higher. Economic Calendar The pair could be slightly impacted by the
On Friday, the USD/JPY rate traded near the previous levels. In general, the rate could continue to trade flat. However, some signals of a decline were present on the hourly candle chart. Economic Calendar Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that day, the US Durable Goods Orders, Core Durable Goods Orders and
The USD/JPY currency exchange rate has been trading mostly ignoring and piercing technical levels. That is explained by the constant announcements being made about the US-China trade war. Namely, the JPY is highly volatile due to it being the top safe haven currency, which is being bought during times of uncertainty. Economic Calendar This week, there are no more pre-scheduled events that might
The USD/JPY has declined to and pierced the support of the 38.20% Fibonacci retracement level at 108.44. The piercing of the Fibonacci retracement level and the fact that the pair is being approached by the resistance of the 55 and 100-hour SMAs signal that a decline is highly likely. Economic Calendar This week, the rate is expected to be impacted by one event. On
The USD/JPY was testing resistance levels from 108.70 to 108.90 on Tuesday morning. By the middle of the day's London trading session, the rate had made a failed attempt to pass the resistance cluster. In regards to the near term future, there were a couple of possible scenarios. Economic Calendar This week, the rate is expected to be impacted by one event. On
Since Thursday's noon, the USD/JPY has been recovering from the decline, which started on November 8. By the middle of Friday's trading, the rate had broken the resistance of the 55-hour simple moving average at 108.70. Economic Calendar On Friday, the US Retail Sales data sets will be out at 13:30 GMT. The release has caused moves from 16.2 to 25.4 pips. Next week,
The USD/JPY continued its decline on Wednesday and Thursday morning. By the middle of Thursday's London trading hours, the USD/JPY touched the 108.60 level. The rate was expected to reach the 108.44 level, where it would meet with a couple of technical support levels. Economic Calendar The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30
On Wednesday, the USD/JPY suddenly dropped to the 200-hour simple moving average. The drop could be attributed to the events in Hong Kong. Namely, Reuters reported that finance firms in Hong Kong urged their staff to remain at home. It might be possible that the firms, which stopped trading, moved their cash reserves into the JPY. Economic Calendar This week, US data
The USD/JPY bounced off the support levels that are located just below the 109.00 mark. By the middle of Tuesday's trading session the currency exchange rate had reached above the resistance of the 55 and 100-hour simple moving averages and touched the 109.30 level. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
On Monday, the USD/JPY continued the decline, which it began on Friday. By the middle of the day's London trading hours, the rate had reached the support of a pivot point at 108.97. The rate had a couple possible future scenarios, which are described below. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
The surge of the USD/JPY has reached the 109.40 level. Moreover, the pivot point at 109.39 was pierced on Thursday. In regards to the near term future, the rate was expected to consolidate and afterwards resume its surge. Economic Calendar There are no more relevant events this week that could impact the USD/JPY currency exchange rate. Next week's reaction tables have been published. Take
On Thursday, the USD/JPY currency rate was sharply surging after finding support in the 200-hour simple moving average. By the middle of the day's London trading, the pair had reached the 109.20 mark. The future forecasts were based upon what would happen at the resistance of the 109.20 mark. Economic Calendar There are no more relevant events this week that could impact the
As expected, the USD/JPY reached the 109.00 level. Moreover, the resistance levels at that price level were passed. Although, the passing of 109.00 did not result in a surge up to the 109.39 level, as it was forecast on Tuesday. US ISM Non-Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Non-Manufacturing PMI survey results, which came
The surge of the USD/JPY has continued. By the middle of Tuesday's trading the rate had reached above the 108.80 level. Moreover, the rate had no resistance as high as the 109.00 level. Future forecasts were based upon what would happen at the 109.00 mark. Economic Calendar This week there is only one event scheduled that could impact the rate. On Tuesday, the US
On Monday, the USD/JPY was making attempts to pass a cluster of technical resistance levels that were located just above the 108.40 level. The future forecasts for the currency rate were based on what would happen at the cluster of technical levels. FOMC Statement and Federal Funds Rate The Federal Reserve released the US Federal Funds Rate data, which came out in line