The USD/JPY has continued due to decline due to US Dollar's weakness. By the middle of Wednesday's trading, the pair had reached the combined support of the 131.00 mark and the weekly S1 simple pivot point at 130.94. Economic Calendar Above all, on Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate.
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
On Friday, the USD/JPY currency pair's surge reached the 133.50 mark. Meanwhile, support was being provided by the 50-hour simple moving average near 132.75. Economic Calendar On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP Non-Farm Employment change at 12:15 GMT might impact the USD. Afterwards, at
At the start of Wednesday's trading, the USD/JPY started a surge, which by mid-day resulted in the rate reaching from 131.00 up to 132.50. Near 132.50, the pair encountered resistance in the weekly R1 simple pivot point at 132.59. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release
Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which impact the markets. On Friday, the US
The USD/JPY recovery from the 130.00 mark has continued. By the late trading hours of Monday's trading, the pair had reached the 200-hour simple moving average near 131.80. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP
The 131.50 level provided resistance and caused a decline, which by the start of Friday's European trading hours had reached 130.00. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which impact the markets. On Friday, the
Despite the US rate hike impacting the USD/JPY, the fundamental event appears to have only set the direction of the rate. Namely, the pair still finds support in round exchange rate levels. On Thursday, the 130.50, 131.00 and 131.50 were acting as support and resistance. Economic Calendar Next week, the US Core PCE Price Index might impact the financial markets through the
The decline of the USD/JPY eventually found support in the weekly S1 simple pivot point at 130.53 and started a recovery. By the middle of Tuesday's trading, the pair was approaching the 132.50 level's resistance. However, future outlook was set to be dictated by the US Federal Reserve Rate hike on Wednesday at 18:00 GMT. Economic Calendar The top event of them
The USD/JPY passed below the support zone at 132.50 on Thursday. However, support was provided by the weekly S2 simple pivot point near 131.75. Afterwards, the rate shortly recovered to the resistance of the 100-hour simple moving average, before resuming its decline. On Friday, the pair had once again reached below 132.50. Economic Calendar Next week, the top event of them all
The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. Economic Calendar This week, scheduled events are over. Next week, the top event of them all is set to
This week, the USD/JPY has been recovering from the 132.50 level's support. By the middle of Tuesday's European trading, the currency pair had approached the 135.00 level. Economic Calendar The top event of the week was the US Consumer Price Index release, which hit market forecasts on Tuesday at 12:30 GMT. However, there are more events that are expected to impact the
The USD/JPY currency pair has found support in the 130.00 mark. However, it appears that all attempts to surge are being stopped in the 131.20/131.85 range. In this range all this week surge attempts have been reversed. Economic Calendar The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published
The comments made by Jerome Powell on Tuesday at an interview caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts it resulted in a decline to the combined support of the 130.50 level and the 100-hour simple moving average. Economic Calendar There are no scheduled events, which might impact the currency exchange rate. Hourly Chart A move below
The USD/JPY reached a new high on Monday, as it tested the 133.00 level. However, the level held and a retracement downwards occurred. On Tuesday morning, the currency pair was finding support in a zone near 131.50 and the 50-hour simple moving average. Economic Calendar There are no scheduled events, which might impact the currency exchange rate. Hourly Chart A resumption of the
The USD had been declining since the US Chairman's press conference. However, the situation changed on Friday, as the US monthly employment data revealed a stunning growth in the data. The USD/JPY jumped and by the US market open at 14:30 GMT was reaching the 130.50 mark. Economic Calendar Next week, there are no scheduled events, which might impact the currency exchange
The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. In general, the pair waits for future direction in the form of the US Federal Reserve Rate hike on Wednesday at 19:00 GMT. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change, JOLTS
Despite other currencies dropping against the US Dollar, it appears that the Yen is holding its ground. The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT,
The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set
The lower trend line of the channel up pattern kept the USD/JPY up for 17 hours straight. On Wednesday, at 09:00 GMT, the currency pair passed below the trend line and a sharp decline had started. By 10:00 GMT, the pair had reached below 130.00. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States
This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
In the aftermath of the volatility and testing of the 131.50 mark, which was caused by the bank of Japan, the USD/JPY currency pair has returned to trade between 128.00 and 129.00. It was observed that the 50-hour simple moving average near 129.00 had turned into resistance, as the 128.00 mark acted as support. Economic Calendar Watch out for the incoming release
The announcements of the Bank of Japan this morning caused a major increase of volatility. The pair surged up to the resistance of the 131.50 level. However, by the middle of the day's European trading hours, the pair had retraced back to 129.00. Economic Calendar Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT.