The surge of the USD/JPY rate has continued, as it was expected.
On Wednesday, the USD/JPY rate traded above the combined support of hourly simple moving averages near the 111.20 level.
The USD/JPY on Tuesday faced no resistance, as it had managed to find support in an SMA and a lower trend line of a channel up pattern.
The USD/JPY pair has touched the 111.50 mark before the currency pair retraced back down to the 111.00 level on Monday.
The US Dollar showed strengthened against the US Dollar on Thursday, being located at 111.50 early today.
The USD/JPY has managed to surge and almost touch the 111.00 mark.
On Wednesday, the USD/JPY rate regained some of the previous lost ground and retraced back above the 110.00 mark.
The resistance to the USD/JPY held its ground on Monday as expected. As a result of the event the rate declined down to the 109.80 mark.
On Monday morning the USD/JPY rate was stuck below a strong resistance cluster. Moreover, it had no support, which indicated that the rate was set to decline..
The USD/JPY pair retreated on Friday. However, the pair remained in the range of the previous trading session.
On Thursday morning the USD/JPY currency exchange rate traded just below a strong resistance cluster, which was located at the 111.00 mark.
On Wednesday morning, the USD/JPY managed to break the upper trend line of a dominant descending pattern.
On Tuesday the USD/JPY currency exchange rate made an attempt to pass the combined resistance of a dominant descending pattern and the 23.60% Fibonacci retracement level.
On Monday, the US Dollar lost more ground against the Japanese Yen.
On Friday morning the USD/JPY currency pair traded near the 111.00 mark. Meanwhile,
On Thursday, the USD/JPY surged up to the 111.00 mark. Although, the currency exchange rate remained in the descending pattern that has guided the rate during August.
Due to the resistance provided by the various simple moving averages of the hourly chart, the dominant ascending channel pattern's lower trend line was broken on Wednesday.
USD/JPY fluctuates slightly above the senior channel for the second consecutive session.
The USD/JPY reveals new junior descending channel pattern on Monday.
On Friday morning the USD/JPY currency exchange rate remained near previous levels.
As it was expected previously, the USD/JPY currency rate did retreat and trade sideways after the massive surge that occurred during the last two trading sessions.
The surge of the US Dollar against the Japanese Yen is continuing. The surge is also occurring faster than it was initially expected.
As it was expected, the USD/JPY currency exchange rate increased its volatility on Tuesday and surged.
The US Dollar has continued to trade near the 111.00 mark. However, on the daily chart