After trading sideways throughout the start of this week, the USD/JPY was being pushed higher on Wednesday by the 55-hour simple moving average. The surge was expected to eventually reach 111.75, as at that level the closest technical resistance was located at. Latest Fundamental Event On Monday, the US Census Bureau released the US Retail Sales data, which came lower-than-expected of -0.2% compared
The forecast for the USD/JPY has failed. The rate found enough support in the 110.00 level to surge and break various technical resistance levels from 110.25 to 110.80. On Friday morning, the rate had no technical resistance as high as the 111.20 level. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The USD/JPY has declined, as previously forecast. The rate reached down to almost touch the 110.00 level before ending the decline. By the middle of the day's trading the pair was reaching for the resistance levels near 110.40. It was expected by Dukascopy Analytics that the rate will bounce off the cluster and begin a decline. Latest Fundamental Event The Federal Reserve releases
On Wednesday the USD/JPY traded sideways below a strong resistance cluster near 110.80. In general, the rate was expected to decline, as the resistance cluster had pushed the rate down without even being properly reached. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on
On Tuesday morning the USD/JPY was testing the resistance of the 55- hour SMA near the 110.15 level. If it gets passed, the rate could jump to reach the 110.45 level. On the other hand, the SMA might push the currency pair down to the 109.60 mark. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth
The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Wednesday, the USD/JPY surged, as it had bounced off the lower trend line of a medium scale pattern and broke through the resistance provided by the upper border of a smaller scale channel down pattern. In general, from the technical trend analysis Dukascopy Analytics deduct that the rate will continue to surge. Latest Fundamental Event The Bureau of Labor Statistics released US
The USD/JPY rate has plummeted down to the 111.20 level. The rate had finally reached the lower trend line of a dominant ascending pattern, which was keeping the rate from declining. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at
The USD/JPY started the week's trading in the previous trading session's range. Namely, it traded between the support levels just above the 111.40 level and the resistance at 111.60. The rate is expected to surge, as the 100 and 200-hour simple moving averages, which are providing support, could push the rate through the resistance at 111.60. Latest Fundamental Event The Bureau of Labor
After reaching the high level of 111.90 during the midnight hours from Thursday to Friday, the USD/JPY retreated down to the 111.70 level. At that level the pair traded sideways. In general, the USD/JPY was expected to resume the surge as soon as the 55-hour simple moving average would approach and provide support to the rate. Latest Fundamental Event The Bureau of Labor
After retracing downwards below all of the short term support levels on Wednesday, the USD/JPY jumped on Thursday and broke all close by technical resistance levels. By the middle of Thursday's trading session the rate had reached above the 111.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data lower-than-expected of 20K compared to forecast 180K. Note, that
By the middle of Wednesday's trading session the USD/JPY continued to trade below the 111.40 level. The trading below this level was previously expected. The sideways trading is set to end in the near future as the combination of the support of the 55 and 100-hour simple moving averages should push the pair higher. Latest Fundamental Event The Bureau of Labor Statistics released
During Tuesday's trading session the USD/JPY was making attempts to pass the technical resistance levels at 111.40. Due to the fact that the rate had touched the upper trend line of an ascending channel pattern, it was expected that it will trade sideways until it gets additional technical support from the 55-hour SMA and the lower trend line of the channel
The USD/JPY continued its recovery on Monday, as it reached up to the 111.30 level. Although, by the middle of the day's trading the pair was being pushed down by the 55-hour simple moving average at 111.32. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions
On Friday the USD/JPY reached the 111.00 level. The rate plummeted as soon as it reached below the support levels at 111.45. In general, the future forecasts for the pair revolved around the support of the 111.00 level. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Thursday, the USD/JPY traded sideways, as it was squeezed in between the combined resistance of the 55 and 100-hour simple moving averages at 111.80 and the support of a recently drawn ascending channel pattern. The sideways trading was expected to continue throughout the day, as most market attention was on the Euro and the European Central Bank. Latest Fundamental Event The Federal
After finding support in the 55-hour SMA, the USD/JPY was making another attempt to pass the resistance of the 112.00 level. In general, it was expected that the 112.00 level will give in and the rate will continue to surge by reaching the monthly R1 at 112.35. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed
The USD/JPY has reached the 112.00 level. This level, as expected, is providing psychological resistance to the currency exchange rate. The rate was expected to trade sideways until an hourly simple moving average approaches from below. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that
The USD/JPY has skyrocketed. The pair has reached the 112:00 level by the middle of the day's trading session. The move was caused by the fundamental events globally that have caused a larger than expected surge of the USD and a decline of the JPY. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided
The USD/JPY listens to fundamental announcements. It has been influenced by both US Federal Reserve information and the situation in Kashmir between Pakistan and India. Due to those reason the volatility of the pair has been massively high. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Wednesday, the USD/JPY continued to decline in the aftermath of the previously experienced high volatility. Namely, after hitting the dominant resistance levels on Tuesday the USD/JPY was still declining on Wednesday. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their vote on
The main point of attention on the USD/JPY is not the forecast, but the recent massive moves. Namely, the pair has jumped up to 111.20 and afterwards immediately declined down to support levels at 110.80. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced
The USD/JPY faces a strong technical resistance level at 110.70. The near term future revolves around this level. The most basic assumption is that the pair will bounce off this resistance level and decline. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their
By the middle of Friday's trading session the USD/JPY was surging up to the 110.90 level. In general, the rate had found support in the 200-hour SMA at midnight and begun to move upwards. The pair faced no observable resistance as high as 111.00. However, a previous attempt this week at reaching that level had failed. Latest Fundamental Event The Federal Reserve released