On Thursday the USD/JPY was approaching the high levels of the volatility range that was achieved during the US Congressional election announcement.
The USD/JPY increased its volatility during the announcement of the US election results.
Prior to the US elections the USD/JPY declined.
The USD/JPY currency rate is continuing a surge in the borders of an ascending pattern. It faces no resistance as high as the 113.80 level.
On Friday, prior to the US Employment data set announcement the USD/JPY traded near the 113.00 level
USD/JPY has retraced back down to the 112.70 mark, where a weekly pivot point and the 61.80% Fibonacci retracement level stopped the decline.
USD/JPY continues to surge on Wednesday. Moreover, the next resistance was only located at the 113.56, indicating that the surge will continue.
The pair has made an unexpected turn, as the US Dollar is gaining against all other currencies.
The USD/JPY has clearly moved below the lower trend line of the dominant ascending channel pattern.
On Friday, the USD/JPY traded near the low levels of Thursday. However,
The USD/JPY has reached the 112.40 mark in the aftermath of its bounce off from the support line of a dominant channel up pattern.
The USD/JPY has once more bounced off the lower trend line of a dominant ascending pattern.
By the middle of Tuesday's trading the USD/JPY had plummeted down to the 50.00% Fibo at 112.16.
On Monday the USD/JPY trades above the 61.80 % Fibo.
On Friday the USD/JPY traded still below the resistance levels at 112.60.
The surge of the US/JPY has continued, as expected.
As it was expected, the USD/JPY broke resistance near the 112.00 mark.
The pair has surged back up above the 112.00 mark.
The USD/JPY has booked a new low level.
On Friday, USD/JPY hat surged higher until it encountered resistance at 112.50.
The decline of the USD/JPY continued, as the rate reached the 112.00 level.
On Wednesday morning, the previous forecast of the USD/JPY remained in force.
After booking a new low level the USD/JPY recovered on Tuesday morning.
USD/JPY plummeted during the morning analysis period due to a fundamental event.