On Tuesday, the USD/JPY traded sideways with high volatility, as it had also done on Monday. Meanwhile, the rate had been approached by the 55-hour simple moving average, which should provide resistance to the rate. Economic Calendar On Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT. This event has caused moves on the
During Monday morning, the USD/JPY currency pair was testing the support level formed by the weekly S1 and the monthly PP at 108.90. If the given level holds, it is likely that a reversal north could occur within the following trading session. Economic Calendar On Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT.
The decline of the USD/JPY stopped at the 109.27 level and began a retracement back up. The retracement reached the 55-hour simple moving average on Friday, which signaled that the rate is no longer oversold. In the meantime, Dukascopy Analytics spotted a channel down pattern, which has guided the rate since the middle of January. Namely, it starts with the sideways
By the middle of Thursday's London trading hours, the USD/JPY had hit the low level of 109.50. In addition, during the decline that has been occurring since the Bank of Japan announcement on Tuesday the pair has passed the lower trend line of a channel up pattern. Japanese Yen Appreciated on Raised Growth Forecast On Tuesday, January 21, the Japanese
The decline of the USD/JPY that was caused by the Bank of Japan continued after retracing back up to the resistance of the 55 and 100-hour SMAs. Eventually, a low level was reached at 109.80, from where another surge started. By the middle of Wednesday's trading, the surge had stopped, as the rate was being squeezed in between hourly simple moving
The squeeze of the rate between the 55-hour SMA and a pivot point ended, as the Bank of Japan released a monetary policy announcement. The announcement caused a break out of the USD/JPY down by strengthening the value of the Japanese Yen. By the middle of the day, the rate had recovered by finding support in the 200-hour SMA. Economic Calendar The week's
The resistance of the 110.25 levels held on Friday. It caused a decline down to the 110.00 level, where the rate found psychological support from the round exchange rate level and the 55-hour simple moving average. By the middle of Monday's trading, the rate was being pushed up by the 55-hour SMA into the resistance of the 110.20 level. In general,
On Friday morning, the USD/JPY currency pair was testing the resistance level formed by the weekly R1 and the monthly R2 at 110.25. If the given resistance holds, it is likely that some downside potential could prevail. Economic Calendar Next week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 20.01-24.01 Event Historical
On Thursday, the USD/JPY currency pair was trading sideways in the 109.90 area. The pair could gain support of the 55- and 100-hour SMAs and extend gains in the nearest future. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions USD/JPY short-term daily review Yesterday, the
On Wednesday, the USD/JPY currency pair was trading sideways in the 110.00 area. The pair could face support of the 100-hour SMA at 109.76 and go upwards within the following trading session. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions USD/JPY short-term daily review Yesterday,
On Monday, the USD/JPY currency pair was testing the resistance formed by the weekly R1 and the monthly R2 at 100.25. If the given resistance holds, it is likely that the pair could consolidate. Economic Calendar Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published.
Since Friday, the USD/JPY currency pair has been consolidating at the 109.60 level. Note that the pair is supported by the 55-hour SMA. Thus, some upside potential could prevail in the market. Economic Calendar On Tuesday, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published. Click on
After many attempts, the USD/JPY managed to pass the resistance of the 50.00% Fibonacci retracement level, which was located at the 109.58 level. By the middle of Friday's London trading session, the rate had reached the 109.65 level. Economic Calendar The week will end with the three US employment data sets being published at 13:30 GMT. Since August 2019, the USD/JPY has moved
As expected, the USD/JPY has continued to represent the risk on versus run to safety sentiments. The latest announcements of Iran standing down and the US not escalating have been the cause for a US Dollar's recovery against the Yen. By the middle of Thursday's London trading hours, the pair had reached the resistance of a monthly pivot point at 109.47. In
By the middle of Wednesday's London trading hours, the USD/JPY reached the resistance of the 200-hour simple moving average at 108.82. However, take into account that before the rate recovered to this level it dropped down to the support of a monthly pivot point at 107.65. With it, a new low level was booked. The drop was caused by the
On Monday, the US Dollar managed to gain against the Japanese Yen. It pierced the resistance of the S1 monthly pivot point at 108.17 and reached for the 108.50 level. At that level the rate was stopped by the weekly pivot point. Throughout the first half of European Tuesday's trading hours, the rate remained below the pivot point. Economic Calendar This week, data
Due to the tensions between the US and Iran the USD/JPY has traded with high volatility, bouncing around the 108.00 level. In the meantime, from a technical perspective the rate was consolidating its previous decline. It was shown by the hourly simple moving averages being above the pair. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT. The US
On Friday morning, the USD/JPY currency exchange rate pierced the support of the 108.00 level. It was an indicator that the rate could reach new low levels. However, the recent decline occurred in a very sharp angle, which indicated that the pair is already oversold. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00
The USD/JPY has started the year with a recovery from previous losses. However, it was not expected to last long, as the rate was set to face strong technical resistance levels. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at 19:00
On Monday morning, the USD/JPY currency pair reversed north from the support level - the weekly S2 at 109.13. It is likely that the US Dollar could extend gains against the Japanese Yen in the short run. However, the pair would have to surpass the weekly S1 at 109.32. Economic Calendar This week, there are only three events that could affect the USD/JPY
On Friday, the USD/JPY currency pair was testing the support level formed by the 55-, 100- and 200-hour SMAs, as well the weekly PP at 109.45. If the given support level holds, it is likely that the Us Dollar could consolidate against the Japanese Yen in the short run. Economic Calendar This week, there are no scheduled events left. Next week, there are only
On Monday, the USD/JPY currency pair was testing the resistance formed by the 55- and 100-hour SMAs, as well the weekly PP. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled
The rate aimed for the low level of 109.17, which it did not reach, as the additional support of the 200-hour SMA approached and caused a surge. On Friday, the currency exchange rate was trading flat around 109.35 and was expected to get squeezed between the 200-hour SMA from below and the 55 and 100-hour SMAs from above. Economic Calendar This week, the
The resistance of the zone from 109.60 to 109.70 managed to hold. On Thursday, the USD/JPY passed support levels near the 109.50 mark and started to sharply decline. The pair had no support levels as low as the 109.17 level, which it could reach in the near term future. Economic Calendar This week, the pair could be impacted only by one data