On Wednesday, the USD/JPY currency exchange rate traded above the weekly S1 at 108.44.
The US Dollar has extended its decline against the Japanese Yen on Tuesday.
Even though the Friday's trading session ended at a strong resistance, the rate passed it by opening a lot higher on Monday.
The Friday's trading session seemed to book the end of the US Dollar's decline against the Japanese Yen.
On Thursday morning the US Dollar booked a new low level against the Japanese Yen.
The various support levels of the USD/JPY failed on Wednesday. The currency exchange rate
After the long continuous surge the US Dollar has retraced downwards against the Japanese Yen.
New high levels of the USD/JPY currency exchange rate had been reached on Monday, as the
The US Dollar has broken another resistance cluster against the Japanese Yen. This was expected. However,
On Thursday morning the US Dollar had gained new high levels against the Japanese Yen.
The resistance cluster, which was described on Tuesday had been broken by the middle of that day's trading session.
Tuesday morning saw the US Dollar testing the resistance trend line against the Japanese Yen, which held its ground.
On Monday morning the US Dollar surged against the Japanese Yen, as the currency exchange rate
The US Dollar continues to maintain it ascending channel against the Japanese Yen.
The USD/JPY currency pair has breached the upper boundary of a junior ascending channel during the early hours of Wednesday's session.
The USD/JPY currency pair was unable to surpass a resistance cluster formed by the combination of the 100- and the 200- hour SMAs at 109.32 on Monday.
The recent decline of the Greenback against the Japanese Yen is still being seen as a temporary junior move in the borders of a larger dominant ascending channel.
The decline of the US Dollar continued on Friday against the Japanese Yen. However,
A long awaited decline of the US Dollar against the Japanese Yen was occurring in the first half of Thursday's trading session.
USD/JPY was testing the weekly R1 early today; in case this level remains intact, the pair is likely should target the 109.40 area.
On Monday the USD/JPY exchange rate was guided mainly by the 55-hour simple moving average.
The pair continues to move in a short-term descending channel; this junior pattern, however, is unlikely to hold for long.
On Friday the USD/JPY traded in the same range as on Thursday. This phenomena can be explained by
On Thursday the USD/JPY rate had passed another resistance level. However,