The USD/JPY continued its surge on Thursday, as the 200-hour simple moving average failed to stop the surge of the rate. The pair was set to reach the resistance levels that surround the 108.40 level. Namely, a 38.20% Fibonacci retracement level and a weekly R1 were located nearby. Latest Fundamental Event Report The US Census Bureau released the US Core Durable Goods Orders
The USD/JPY was recovering on Wednesday. By the middle of the day, the rate had broken resistance of a descending channel pattern and jumped up to the 107.70 level. If the resistance at 107.70 gets broken, the rate would surge up tot eh 200-hour SMA at 107.86. Latest Fundamental Event Report The Federal Reserve released the FOMC Statement, where the US policymakers provided
The 55-hour simple moving average has forced the USD/JPY to drop below the 107.00 level. However, the drop was stopped by the lower trend line of a dominant channel down pattern. In general, a consolidation was expected either up or sideways. Which one will occur depends on whether the resistance of the 107.00 level would get passed. Latest Fundamental Event Report The Federal
The USD/JPY continues to decline, as the rate touched the levels just above the 107.00 level on Friday morning. However, a surge began, as soon as the Japanese government announced that it will intervene. In general, the Japanese are about to manipulate their currency to protect their exports and financial sector. The decline was caused by the US Federal Reserve announcing that
Two large fundamental events have taken place that have beat the USD/JPY down to 107.50. The US Federal Reserve signalled that it will do a rate hike, which caused a drop of the USD. The Bank of Japan announced that it is not changing its monetary policy crashing speculations that it will also ease policy and beat down the value of
The USD/JPY has retested a lower trend line of an ascending pattern. However, all attention is expected to go away from technical analysis despite technical levels working. That is due to the upcoming Federal Reserve and Bank of Japan monetary policy announcements set to occur at 18:00 GMT of Wednesday and during the Asian session on Thursday. Central Banks incoming On Wednesday, at
Due to comments made by the head of the Bank of Japan, the USD/JPY has declined below all technical support levels that were located from 108.44 to 108.51. By the middle of Tuesday's London trading the rate had reached the support of the weekly S1 pivot point at 108.22. Latest Fundamental Event Bureau of Labor Statistics released the US Core CPI data, which
By the middle of Monday's trading session the USD/JPY had traded between the 108.55 and 108.70 levels. In general, the rate was expected to continue to surge, as it faced no technical resistance levels as high as 108.87. Latest Fundamental Event Bureau of Labor Statistics released the US Core CPI data, which came out worse-than-expected of 0.1% compared with forecast 0.2%. According to the
The USD/JPY currency pair has been trying to surpass the resistance level formed by the 55- and 100-hour SMAs, as well the Fibonacci 38.20% retracement since yesterday. If the given resistance holds, some downside potential could prevail in the market in the nearest future. Latest Fundamental Event Bureau of Labor Statistics released the US Core CPI data, which came out worse-than-expected of 0.1%
Yesterday, the USD/JPY currency pair reversed from the upper boundary of the short-term ascending channel at 108.75. During today's morning, the pair declined to the support level formed by the weekly PP at 108.22. Latest Fundamental Event Bureau of Labor Statistics released the US Average Hourly Earnings data, which came out worse-than-expected of 0.2% compared with forecast 0.3%. According the official release: "Total
During Tuesday's morning, the USD/JPY exchange rate reached the upper boundary of the short-term ascending channel at 108.75. If the given channel holds, it is likely, that a reversal south occurs in the nearest future. Latest Fundamental Event Bureau of Labor Statistics released the US Average Hourly Earnings data, which came out worse-than-expected of 0.2% compared with forecast 0.3%. According the official release:
The USD/JPY is surging in a recently revealed ascending channel pattern. The pair's next target is the 200-hour simple moving average at 108.72. The short term forecasts of the pair are based on this level. Latest Fundamental Event Institute for Supply Management released the US ISM Non-Manufacturing PMI data, which came out better-than-expected of 56.9 compared with forecast of 55.6. According to the official
The USD/JPY reached the 108.40 level, as it was expected. Although, that level was reached with high volatility. Namely, the pair retraced back down to the 107.80 level just before reaching the target first time. Afterwards, the rate reached 108.40 in the next six hours. Latest Fundamental Event Institute for Supply Management released the US ISM Non-Manufacturing PMI data, which came out better-than-expected
After three attempts to push the USD/JPY down the 55-hour simple moving average failed. By the middle of Wednesday's trading, the USD/JPY had begun a surge to the 108.40 level. The rate was expected to meet with the resistance of a Fibonacci retracement level and 100-hour SMA near 108.40. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which
After reaching a new low level on Tuesday morning London trading hours, the USD/JPY began to recover. In general, the rate was expected to trade near the 108.00 level until it gets approached by technical resistance levels that push it down. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%. According
On Monday, the USD/JPY was recovering after the sharp 185 pip 1.68% decline that it experienced since Thursday. In general, the surge was expected to be stopped by the resistance of the 38.20% Fibonacci retracement level at 108.44. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%. According to the official
The USD/JPY is once more ignoring technical levels. Namely, after signalling a surge and breaking through resistance levels on Thursday, the rate immediately began a decline, which had reached down to 108.80 on Friday. Meanwhile, take into account that the rate has become oversold due to the sharp move down. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data,
The USD/JPY has ignored the technical levels that were expected to push it down. The rate has surged up to the 109.80 level. If the rate manages to pass the resistance levels at 109.80, it could reach the 110.23 level. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
The decline of the USD/JPY is being stopped by the psychological support of the 109.20 level. Namely, someone with enough capital to move the rate starts buying at that level. Meanwhile, from a technical perspective the 55 and 100-hour simple moving averages should push the rate down. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide
During the last twenty four hours the USD/JPY traded sideways just below the 109.60 level. On Tuesday morning, it bounced off the resistance level and began the previously expected decline. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their vote on where to set
The decline of USD/JPY has reached the 109.30 level. Although, after touching it, the rate retraced back up to the resistance of the 109.60 level. In general, the rate was expected to be pushed down by the resistance of the 55-hour simple moving average, which was approaching the rate. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the
The USD/JPY has reached a new low level, as on Friday the rate traded in limbo around the 109.60 level. Namely, the 109.45 level was supporting the rate and the 109.70 level was providing resistance. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their
The decline of the USD/JPY extended itself below the support levels near 110.40. By the middle of Thursday's trading session the rate had reached the 110.00 level. The decline was expected to continue down to the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50%
On Wednesday, the USD/JPY pair was consolidating its previous gains by declining. The decline was expected to continue until the rate would reach the lower trend line of an ascending channel pattern or the FOMC Meeting Minutes announcement at 18:00 GMT. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50% against the US Dollar. Note,