The USD/JPY currency exchange rate pierced the resistance zone of 113.88/113.96, as the US Federal Reserve revealed that it would decrease stimulus. Although, the surge stopped at the 114.28 level. Take into account that the USD/JPY is the only of the top pairs, where the initial surge of the USD caused by the Fed was not followed up by a
The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. Economic Calendar Top event of the month is scheduled for 19:00 GMT
The 200-hour simple moving average has kept the rate up since December 7. However, the USD/JPY has been piercing the support of the SMA. At mid-day on Tuesday, the rate was heading to the support of the SMA and the weekly simple pivot point at 113.40. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index and Core Producers Price
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. Economic Calendar On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30 GMT. The rate
The USD/JPY surged to the November 28 high level zone near the 114.00 mark on Wednesday. The resistance zone was strong enough to cause a decline. By the middle of Thursday's trading, the pair had returned to the support of the 200-hour SMA. Meanwhile, additional support had approached the rate in the form of the 100-hour simple moving average. Economic Calendar On
On Tuesday, the recovery of the USD against the Japanese Yen ended at the 113.75/113.78 zone. The rate failed to pass these levels after making three attempts. Meanwhile, since early Tuesday trading, the pair has been finding support in the 200-hour simple moving average, which has been moving downwards. In addition, the 100-hour SMA had caught up with the pair. Economic
The USD/JPY started a recovery on Friday by finding support at 112.60. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the 113.75 level. Meanwhile, it was spotted that the rate mostly ignored the close by weekly R1 simple pivot point at 113.69 and the 200-hour simple moving average near 113.60. Economic Calendar On Thursday, a
On Friday, the USD/JPY currency pair found support in the 121.60 mark. The event was followed up by a recovery, which by the middle of Monday's trading had reached above technical levels at 113.11. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value of the
On Friday morning, the upper trend line of the channel down pattern and the 100-hour simple moving average failed to provide resistance to the USD/JPY currency exchange rate. Namely, the pair surged above them and touched the 113.50 mark, before retracing to look for support in the 100-hour SMA. Economic Calendar This week, the main event will be the release of
On Thursday morning, the USD/JPY currency exchange rate approached and bounced off the combination of the upper trend line of the channel down pattern and the 100-hour simple moving average near 113.30. By the start of the days US trading, the pair was approaching this week's low level zone at 112.53/112.65. Economic Calendar This week, the main event will be the
The high volatility of the USD/JPY currency exchange rate, which was caused by the head of the US Federal Reserve Jerome Powell revealed the borders of a channel down pattern, which appears to have guided the rate down throughout this week. On Wednesday, the rate bounced off the upper trend line of the pattern and passed the support of the
The approaching of the resistance of the 50-hour simple moving average from above caused a decline of the rate, which eventually passed the support of the 113.00 mark. At the start of the day's US trading hours, the rate was heading to the support of the weekly S1 simple pivot point at 112.50. Note that the 112.50 mark could
Most recently, on Monday, the USD/JPY currency exchange rate found support in the 113.00 level and reached the resistance of the 114.00 mark. The rate has been trading in the range between the two round exchange levels since the middle of Thursday, when the pair found support in 113.00. Economic Calendar USD/JPY short-term review In the case that the rate breaks
The USD/JPY currency exchange rate almost touched the 115.00 mark before a retracement back down started. By the middle of Wednesday's GMT trading hours, the pair had returned to the 114.65/114.70 zone, which is the October high zone. Economic Calendar On Thursday, note that a minor USD move could be caused by the weekly US Unemployment Claims. The pair has moved
Since the middle of Friday's trading hours, the USD/JPY has traded between the support of the 113.74/113.81 zone and the resistance of the 50-hour simple moving average at 114.00. On Friday morning, the zone provided enough resistance for a decline to begin. By the middle of the day, the decline had pierced the 114.00 mark and the 50-hour simple moving
The USD/JPY eventually passed the resistance of the weekly R1 simple pivot point at 114.15. The event was followed by a test of the resistance zone of the November high levels at 114.20/114.30. On Friday morning, the zone provided enough resistance for a decline to begin. By the middle of the day, the decline had pierced the 114.00 mark and
The USD/JPY passed the resistance of the 114.00 level during early Thursday's trading hours. However, the pair found resistance in the weekly R1 simple pivot point at 114.15. By the middle of the day's European trading hours, the pair had failed two attempts to pass the pivot point. Economic Calendar Data releases for this pair, during this week, are over. Next
The USD/JPY kept finding support in the 112.73/112.78 zone for the 24-hour period from 08:00 GMT on Tuesday to Wednesday. On Wednesday, the rate started a surge, which one by one passed the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. During the day's US trading hours, the pair had reached the
On Monday, the decline of the USD/JPY currency pair reached below the support of the 113.00 mark, which was strengthened by the weekly S1 simple pivot point. On Tuesday, the rate retraced back up and confirmed the 113.00 level as a resistance. Namely, the pair moved back up and bounced off the 113.00 mark. Economic Calendar On Tuesday, the US Producer
On Friday, the USD/JPY passed previous low level zones before consolidating by retracing back up to the 113.66 level. On Monday, the decline of the pair resumed, as the pair reached the 113.10 level. In the near term future, the rate was highly likely set to reach the 113.00 mark. Economic Calendar On Tuesday, the US Producer Price Index and Core
The USD/JPY currency pair has revealed that it respects the support of the 113.51/113.56 zone. Namely, the rate has found support in this range two times and recovered from it. Meanwhile, since Thursday, the pair has been kept down by the combined resistance of the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages from 113.88
At mid-day on Thursday, the USD/JPY currency exchange rate passed five technical support levels. Namely, the 50, 100 and 200-hour simple moving averages, the weekly simple pivot point and the lower trend line of this week's channel up pattern failed to hold the pair up. Only the 50-hour SMA and the lower trend line of the channel pattern managed
On Wednesday, the USD/JPY passed the resistance of the three hourly simple moving averages and the 114.00 mark. In addition, by connecting recent high and low levels a channel up pattern was spotted on the hourly candle chart. Economic Calendar Wednesday will end with the US Federal Open Markets Committee Statement and Federal Funds Rate publication at 18:00 GMT. The USD/JPY
The USD/JPY began a recovery on Tuesday morning prior to reaching the support zone at 113.25/113.44. By the start of the day's US trading hours at 13:30 GMT, the pair had reached and was testing resistance near 113.80. Namely, the 100 and 200-hour simple moving averages and the weekly simple pivot point were providing resistance from 113.80 to 113.88. Economic