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,
On Thursday, the USD/JPY was testing the upper trend line of a previously pierced ascending channel pattern. In general, the rate was expected to reach the 110.50 level, which it did faster than forecast. Namely, by the time this combined daily publication was done, the short term morning technical analysis was obsolete. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
The break out of the USD/JPY reached above the previously set target. The rate touched the 110.00 level before it dropped to look for technical support. The support was found at the 109.60 level. At that level the 55 and 100-hour simple moving averages were located together with a 50.00% Fibonacci retracement level. Latest Fundamental Event During Monday's trading session, the Japanese Yen
On Thursday, the USD/JPY broke a technical resistance cluster at 109.60. The event was followed by a surge up to the 109.80 level. The rate was expected to continue to surge, as it faced no technical resistance as high as the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
The USD/JPY has recovered to its prior levels after the sudden drop caused by the Chinese set tariffs on the US. From a fundamental perspective the recovery occurred due to the US President's announcement that he will meet with the Chinese President to discuss trade issues. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50% against the
At the middle of the day during London's trading session the USD/JPY plummeted. It dropped down to 109.15 by the time of writing. The rate's drop was paused at that level, as there a monthly pivot point was located at. If that level fails to hold, the rate would aim at the weekly S2 at 108.65. Latest Fundamental Event Bureau of Labor Statistics
By the middle of Friday's trading session, USD/JPY remained near the previous day's trading range, as it had consolidated by retracing up to the resistance of the 110.00 level. Meanwhile, the rate was still being pushed down by the 55-hour simple moving average. Latest Fundamental Event Bureau of Labor Statistics released the US PPI data, which came out in line with expectations of
As expected, the decline of the USD/JPY has continued, as the 55-hour SMA approached the currency exchange rate. On Thursday morning, the decline was stopped by a 50.00 % Fibonacci retracement level at 109.60, which previously was set as the decline's next target. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared