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
The USD/JPY has bounced off the resistance zone at 143.65/143.80 and declined to the support at 143.00. Meanwhile, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point have had no impact on the rate. In general, previously described scenarios have remained relevant. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT,
This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too
The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation
The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average. Economic Calendar This week's notable events are over. Hourly Chart A move below 143.50 could look for support in the 143.00 level and the weekly R2
The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00. Economic Calendar This week's notable events are over. Hourly Chart A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance. On
The USD/JPY currency exchange rate has continued to surge. On Tuesday morning, the pair was steadily approaching the 142.00 mark. From a technical analysis perspective, the move was caused by the 50-hour simple moving average catching up to the pair and providing support. Economic Calendar This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could
On Monday morning, the USD/JPY currency exchange rate remained near the 140.50 level. In general, the pair has been trading between the 140.00 and 140.80 levels since Friday. Economic Calendar This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets through the reveal of the situation in the US services sector
The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35. Economic Calendar The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment Rate, Non-farm Employment Change and the Average Hourly Earnings are
With the start of a new month, the USD/JPY broke the resistance of the 138.86/139.08 zone. During the early hours of Thursday's trading, the pair shortly reached above 139.50, prior to retracing and confirming the previous resistance zone as support. Economic Calendar On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The top event of
Since Monday morning, the USD/JPY currency exchange rate has been fluctuating between the support of the 138.07/138.26 zone and resistance at 138.86/139.08. Economic Calendar On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment Rate, Non-farm Employment
In the aftermath of reaching the 139.00 level, the USD/JPY currency pair declined and found support in the weekly R1 simple pivot point at 138.40. Up to the start of Tuesday's European trading hours, the rate had continued to trade above the technical level. Economic Calendar This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings
The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
During the second part of Wednesday's trading, the USD/JPY failed to reach the 137.45/137.70 range, as it bounced off the 137.20 level and started a decline. On Thursday morning, the pair was located near the 136.50 level. In general, the situation remains unchanged, as the markets expect news from the central banker symposium in Jackson Hole Wyoming. Economic Calendar On Thursday, at 12:30
The fundamental drop of the US Dollar on Tuesday resulted in the USD/JPY currency exchange rate declining to the 136.00 level. Afterwards, a failed recovery found resistance in the 137.00 mark. During Wednesday's European morning hours, the currency pair had returned to the 136.00 level. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause
The USD/JPY currency exchange rate has ended trading around the 137.00 mark by surging above the 137.50 level. In the meantime, on Tuesday morning, the pair was reached from below by the support of the 50-hour simple moving average. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US
Since the middle of Friday's trading, the USD/JPY has been fluctuating around the 137.00 mark in the range between 136.70 and 137.40. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a